Risk Management

Explain the relationship between security and risk management. Take a position on which is more important to a small organization, large organization, and nonprofit organization.

Security management is part of an organization’s overall goal of risk management. Risk management is the process of forecasting and identifying an organization’s risks and developing a plan to mitigate and manage the risks. Security issues are part of the risks that face most organizations; hence, security management is a part of the risk management process. Both security and risk management are important in small, large, and nonprofit organizations. None is more important than the other because each faces the risks of negative outcomes from security and other kinds of risks.

Suppose top management is against the idea of the implementation of an enterprise security risk management plan simply because it is a waste of time and money. Describe the actions you would take in an attempt to sway management’s opinion. Include the reasons why management should change its mind and provide real-life examples if necessary.

To sway the management’s opinion on security risk management, it is important to first highlight the security risks that the organization faces and later show how security management can help to deal with such risks. Assessing security risks helps to identify such risks and develop plans to deal with them (Saleh & Alfantookh, 2011). For example, Walmart was attacked by cyber criminals who stole customer details to be used in financial fraud. With proper planning, the business would have avoided such a breach.

Reference

Saleh, M. S., & Alfantookh, A. (2011). A new comprehensive framework for enterprise information security risk management. Applied computing and informatics, 9(2), 107-118.

ORDER A PLAGIARISM-FREE PAPER HERE

We’ll write everything from scratch

Risk Management

Please respond to the following:

Risk Management

• Explain the relationship between security and risk management. Take a position on which is more important to a small organization, large organization, and nonprofit organization.
• Suppose top management is against the idea of the implementation of an enterprise security risk management plan simply because it is a waste of time and money. Describe the actions you would take in an attempt to sway management’s opinion. Include the reasons why management should change its mind and provide real-life examples if necessary.