IT RISK MANAGEMENT

TRAINING DESCRIPTION:

The IT risk management is the application of risk management to Information technology context in order to manage IT risk, i.e.:

The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise.

IT risk management can be considered a component of a wider Enterprise risk management system.

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

This training is built around globally accepted standards such as ISO 31000:2009 and frameworks such as ISACA’s Risk IT, and NIST and OCTAVE guidelines for risk management.

OBJECTIVES:

• Identify where and how to reduce known/unknown IT risks
• Identify areas of cost-benefit optimization and thus reduce IT expenditure
• Understand the ISO 31000:2009 standard and its applicability to the corporate environment
• Understand risk assessment as addressed in BASEL II, ISO 20000, ISO 27001, ITIL, COSO, COBIT, BS 25999 and its relevance to IT
• Understand the different IT Risk Assessment Standards, Models and Methodologies “ NIST SP-800-30, and OCTAVE, ISO 27005
• Insights on practical use of risk assessment and control evaluation techniques

OUTLINE:

DAY 1:

• Background:
• Briefing on Definition of Risk and Risk in context of Information Technology
• Discussion and recording: Known risk scenarios
• IT Risk Management Initiative
• Project Planning Requirements
• Groundwork:
• General Risk Scenarios
• Understanding Business-specific, industry-specific, region/location-specific scenarios
• Recording the scenarios
• Management Buy-in
• Degree of business dependence on information technology
• Understanding and recording technology-specific risks
• Tying in general risk scenarios with IT risks
• Techniques of building business case
• Budgeting
• Project Planning
• Resource Identification and Allocation
• Understanding the Concepts and Techniques
• IT Risk Management Cycle
• Technology and business drivers
• Risk Terms Asset, Threat, Threat Agent, Threat Event, Vulnerability, Countermeasure, Risk, Residual Risk
• Risk Assessment Methodology
• ISO 31000:2009 Overview
• Exercises, and Discussion

DAY 2:

• IT Risk Assessment:
• IT Process Selection
•  IT Component Selection
• Approach Selection
•  Risk Discussion :
• Risks from IT Strategy adopted
• Risks from IT Processes and Plans
• Risks from Networks and Systems
• Risks from Business Applications
• Risks from Internal Application
• Risks from Devices  Security Implementation, Disaster Recovery, Business Continuity
• Risks from Internal and External customers
• Applying ISO 31000 and Risk IT for Risk Assessment
• Challenges and Solutions
• Case Study I
• Exercises, and Discussion

DAY 3:

• IT Risk Mitigation :
• IT Risk Mitigation Options
• IT Risk Mitigation Strategy
• Controls’ Identification and Analysis
• Cost Benefit Analysis
• Calculating Residual Risk
• Case Study II
• Applying ISO 31000 and Risk IT for Risk Mitigation
•  Evaluation IT Risk Management Cycle :
• Project Evaluation
• Learning from Selection and Execution techniques
• Integrating IT Risk Management with various frameworks and standards BASEL II, ISO 20000, ITIL, COSO, COBIT, ISO 27001, BS 25999 ,NIST’s SP-800-30,, OCTAVEâ„¢, ISO 27005
• IT Risk Management Cycle: A Revision
• Exercises, and Discussion

DAY 4:

• Case Study

INSTRUCTUR

Ir. Muhammad Tavip and Team

PRICE

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