Security Risk Management: Building An Informati... ⚡ | Simple |

Stop the activity that creates the risk (e.g., disabling a legacy service).

Acknowledge the risk and do nothing because the cost of mitigation outweighs the potential loss. 5. Monitoring and Communication Risk is not static. Security Risk Management: Building an Informati...

Align with established frameworks like NIST SP 800-30 , ISO/IEC 27005 , or FAIR . Stop the activity that creates the risk (e

Determine the Likelihood of an event and its potential Impact . Security Risk Management: Building an Informati...

Use dashboards and heat maps to keep leadership informed.

Compare the risk levels against your pre-defined risk appetite to prioritize what needs fixing first. 4. Risk Treatment (The Four Options) Once risks are prioritized, choose a path:

Use lessons learned from incidents to refine the assessment process.