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Risk Management 101

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Barry Caplin
Barry Caplin

This document summarizes a presentation on risk management 101. It defines key terms like threat, vulnerability, risk, and types of risk. It outlines the components of risk management frameworks including identifying threats, assessing risk, evaluating options, and taking action. It discusses different risk management standards and frameworks. Finally, it provides an overview of information risk management practices at the Minnesota Department of Human Services.

BusinessEconomy & Finance
1 of 33
Risk Management 101 Barry Caplin Chief Information Security Officer MN Department of Human Services MN Government IT Symposium Thurs. Dec. 13, 2007 Session 74
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
In The Beginning…
In The Beginning… There were Humans…
In The Beginning… And Beasts…
And the concept of Risk was born...
Risk ,[object Object],[object Object],[object Object]
Magic?
Definitions
Threat ,[object Object],[object Object],[object Object],[object Object],[object Object]
Vulnerability ,[object Object],[object Object],[object Object]
Impact ,[object Object],[object Object],[object Object]
Threat, Vulnerability, Impact => Risk (probability of event × impact = risk)
Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Risk ,[object Object],[object Object],[object Object],[object Object],[object Object]
D irectly perceived
Types of Risk Perceived through science
Types of Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Virtual Risk ,[object Object],[object Object],[object Object],[object Object]
Risk Management A discipline for living with the possibility that future events may cause adverse effects. http://www.sei.cmu.edu/risk/index.html
Risk Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
Identify Threats ,[object Object],[object Object],[object Object]
Assess ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Disposition of Risk ,[object Object],[object Object],[object Object]
Economics of Risk Management ,[object Object],[object Object],[object Object]
Ineffective Risk Mitigation
Evaluate and Act ,[object Object],[object Object],[object Object]
Frameworks for Risk Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Treasury Board of Canada ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Security and Risk Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
At DHS ,[object Object],[object Object],[object Object],[object Object],[object Object]
Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Discussion?

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