What are your thoughts on the person evaluating the risks being someone from the IT department of the organization?
IT-related risk:
1) The probability that a particular threat-source will exercise a particular information system vulnerability
2) IT-related risks arise from legal liability or mission loss due to:
i) Unauthorized disclosure, modification, or destruction of information
ii) Unintentional errors and omissions
iii) IT disruptions due to natural or man-made disasters
iv) Failure to exercise due care and diligence in the implementation and operation of the IT system.
3) Risk is made up of two parts: the probability of something going wrong, and the negative consequences if it does.
Risk management (IT):
1) IT risk is the probable frequency and probable magnitude of future loss.
2) ISACA published the Risk IT Framework in order to provides an end-to-end, comprehensive view of all risks related to the use of IT.
3) IT RISK: The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise.
4) According to Risk IT,
IT risk has a broader meaning: it encompasses not just only the negative impact of operations and service delivery which can bring destruction or reduction of the value of the organization, but also the benefit/value enabling risk associated to missing opportunities to use technology to enable or enhance business.
What are your thoughts on the person evaluating the risks being someone from the IT department...
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