Investigation of Assessment Methodologies in Information Security Risk Management

Abstract

Information security risk management is a crucial component of every organization's security plan. It comprises the identification, assessment, and prioritization of potential security risks to an organization's information assets as well as the implementation of protective measures or risk management plans. For this method to work, a detailed understanding of an organization's assets, threats, vulnerabilities, and potential impacts of security incidents is required. Effective information security risk management ensures business continuity, safeguards critical information assets, and prevents data breaches. In this study, the key concepts, practices, and tools of information security risk management are discussed. It also looks at the most effective strategies to set up a successful risk management program and identifies emerging trends.