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Read the attached NIST Documents 800-37 and 800-39.
Compare and contrast informal vs formal risk management in
todays digital infrastructures. Explain the consequences of not
formalizing risk management. Also, how is information
security integrating into system development life cycle? Why is
this important to risk management? Finally, explain how risk
management helps establish, risk capacity, risk tolerance, and
risk appetite. What are the differences between the latter
three? What is accomplished by knowing their metrics?

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