Exploring SSCP Domain 3 Risk Identification, Monitoring, and Analysis for a Career in IT Security.pptx

Exploring SSCP Domain 3: Risk Identification,
Monitoring, and Analysis for a Career in IT Security
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Modern businesses are exposed to a variety of threats and risks
in their day-to-day IT operations. The risk management process
is one of the most significant components of any organization
because it is responsible for the security of all of the data
stored there. The success of the organization’s projects
depends on effective risk management. As a result, the security
practitioner is expected to identify risks to information systems
and develop and execute controls to reduce those risks. For
this, security professionals need to be well-versed in risk,
response, and recovery concepts and best practices. This article
will cover the third domain of SSCP: Risk Identification,
Monitoring, and Analysis, and what you can expect in the SSCP
exam from this domain.

Domains of SSCP

The seven SSCP domains are:
•Domain 1: Access Controls (16%)
•Domain 2: Security Operations and Administration (15%)
•Domain 3: Risk Identification, Monitoring, and Analysis (15%)
•Domain 4: Incident Response and Recovery (13%)
•Domain 5: Cryptography (10%)
•Domain 6: Network and Communications Security (16%)
•Domain 7: Systems and Application Security (15%)

Domain 3: Risk Identification, Monitoring, and Analysis
Domain 3 of the SSCP certification exam is Risk Identification, Monitoring, and
Analysis. The Risk Identification, Monitoring, and Analysis domain comprise a
15% weightage of the SSCP certification. This domain is concerned with the
systematic assessment techniques which are used to identify and monitor
threats continuously. Every business is vulnerable to potential threats. This
domain will highlight the importance of implementing controls to mitigate or
eliminate threats or vulnerabilities, lowering the overall risk for the organization.
You will learn about risk management concepts, risk assessment, and standard
risk management approaches used by businesses, such as insurance, risk
reduction, and possibly risk avoidance. It will also discuss the necessity of
monitoring and evaluating log files to find events and incidents as they occur
and ways for participating in risk reduction and risk response operations. Overall,
this domain is concerned with how the security practitioner is expected to
contribute to the organizational risk management process, identify information
system risks, and develop and implement controls to minimize identified risks. It
is an important topic from an exam perspective. The subtopics covered in Risk
Identification, Monitoring, and Analysis domains are:

•Understand the risk management process
•Perform security assessment activities
•Operate and maintain monitoring systems
•Analyze monitoring results

1. Understand the Risk Management Process
This subsection will discuss the risk management process in-
depth. The concept of IT security in an organization’s IT
operations focuses on risk management. A risk management
process outlines a company’s procedures for detecting and
controlling threats to its digital assets, such as confidential
corporate data, personally identifiable information (PII) of
customers, and intellectual property. This part will cover the
fundamentals of risk management, characteristics of risk
visibility and reporting, and risk analysis approaches and risk
management frameworks. It will also cover how to deal with
risks and the various steps taken to mitigate them. Accept,
reduce/mitigate, transfer, and avoid are the four types of risk
treatment.

2. Perform Security Assessment Activities
This subsection will cover all the security testing and evaluation
approaches. Any organization’s security depends on how well it
assesses security risks. This section will teach you how to recognize,
measure, and control losses caused by adverse events. It will teach
how to examine, analyze, choose, and evaluate risk-mitigation
measures. You will learn how to collect data, detect security events,
assign priority levels, take appropriate steps, and report your findings
to the relevant people. It will go into SIEM (security information and
event management) systems, visualization and reporting, software
testing, etc. This section will also discuss auditing, an independent
assessment of a company’s records and actions. This section will also
cover the security audits to find weaknesses in technical and
administrative information systems and networks. It will discuss how
to incorporate audit findings into the risk management process.

3. Operate and Maintain Monitoring Systems
This subsection will go through audit logging, security events, audit trails,
retention periods, and acceptable media concepts and procedures. It will
discuss events of interest as part of continuous monitoring activities. It will
also discuss how to safeguard records from being tampered with, keep them
secure, and back up the logs we generate. It will also cover topics such as
the fundamentals of source systems used in continuous monitoring, legal
and regulatory concerns, and more.
4. Analyze Monitoring Results
This subsection will cover the monitoring of the identified risk. Passive,
active, and real-time risk monitoring are the three types of risk monitoring.
It will also cover tools like enterprise risk management, which uses
dashboards, graphs, risk registers, scorecards, and risk maps to create
baselines. This section will go through monitoring tools and approaches that
can help reduce the amount of data in audit records and distill relevant
information from raw data. It will discuss the concepts of visualization,
metrics, and trends to analyze monitoring results. It will go over the
fundamentals of event data analysis and their purpose, and how to
communicate and report monitoring analysis data in the best way possible.

SSCP with InfosecTrain
Enroll in the SSCP certification training course at InfosecTrain.
We are one of the leading security training providers in the
world. With the help of our highly educated and trained
instructors, you may earn prestigious ISC2 SSCP certifications.
This training course will teach you how to identify risks for IT
firms to build plans to mitigate possible threats before they
occur.

About InfosecTrain
• Established in 2016, we are one of the finest
Security and Technology Training and
Consulting company
• Wide range of professional training programs,
certifications & consulting services in the IT
and Cyber Security domain
• High-quality technical services, certifications
or customized training programs curated with
professionals of over 15 years of combined
experience in the domain

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Exploring SSCP Domain 3 Risk Identification, Monitoring, and Analysis for a Career in IT Security.pptx

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