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Asset Management of the Firm 
Based on the scenario description of the GNB, the most crucial asset of GNB is the e­trading 
system that was developed from within the company. Our risk assessment is made based on 
the e­trading system 
 
Probability​ ­ chances that the risk will occur. 
 
Impact​ ­ how the risk will impact the organization. 
High​: A risk that can prove detrimental to the organization’s reputation and assets. 
Medium:​ Risks which can significantly jeopardize organization reputation and assets.  
Low: ​Risks which do not pose any significant threat. 
 
Inherited Risk ­ ​The amount of risk imposed on the organization. 
 
Controls ­ ​tools to mitigates the risks to the firm. 
 
Residual Risk ­ ​The risk after our controls are implemented. 
 
 
Threat  Probabilit
y (P) 
Impact 
(I) 
Inherited 
Risk = P x I 
Controls  Residua
l Risk 
Software (OS, Application, 
Security software level) 
∙​         ​Viruses, worms, 
trojans 
∙​         ​Hacker Attacks 
.       Sniffing Attempts 
Medium  High  High  1. Patch management, 
making sure all 
software is up­to­date. 
2. Whitelisting ­ to 
prevent any phishing 
emails or any 
accidental downloads 
on employee side. 
 
Medium 
Databases 
∙​         ​Data theft. 
∙​         ​Data interruption 
(integrity violations) 
∙​        ​Disclosure 
(Confidentiality violation) 
Medium  High  High  1. Integrity checks. 
2. Encryption. 
3. Backup data on the 
servers. 
Medium 
Hardware (system and 
peripheral security devices) 
Low  Medium  Medium  1. Upgrading hardware. 
2. Assessing sensors 
location. 
3. Updating IDS/IPS and 
firewall rules. 
. 
Low 
Network (Communications, 
Connectivity) 
∙​         ​Access control. 
∙​         ​Availability. 
Medium  Medium  Medium  1. Encryption. 
2. Separation of 
networks. 
3. Refining network 
topology. 
4. Monitoring and looking 
for malicious activity.   
5. Double authentication. 
 
Low 
Human factor, can be a 
combination of the following 
factors: 
­ Medical/Psychiatri
c 
­ Human Error 
­ Insider Threat 
­ Personality/Social 
Skill Issues 
­ Social Network 
Risks 
­ Interpersonal 
­ Security 
­ Financial  
­ Professional 
­ Financial 
 
Medium  High  High  1. DLP. 
2. Policies (To conduct 
risk assessment every 
two year)  
3. Education. 
4. Annual background 
check. 
5. Train employees to 
detect concerning 
behavior by 
in­classroom training 
as well as computer 
based training (CBT) 
Medium 
Access Control 
­ Internal 
­ External 
­ Third Party 
 
Medium  High  High  1. The use of Biometrics 
in areas that 
employees have 
access to computers to 
computers that contain 
PII. 
2. IRIS­scan for rooms 
with critical and 
sensitive information 
(higher level 
employees,CIO, 
CFO,CEO,CSO, 
COO). 
3. Physical Security, 
CCTV, IDS (Intrusion 
Detection Systems),  
Medium 
 
 
 

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Week 5 Risk Assessment