The Threat Of A Threat Source For Exercise ( Accidentally...

Background NIST defines threat as â€Å"The potential for a threat-source to exercise (accidentally trigger or intentionally exploit) a specific vulnerability.† Vulnerability can be referred as a weakness in a particular system or network that can expose the system or network to risk. A threat-source can exploit the loophole in the system and take adversarial advantage of it. This loophole can be a development flaw or something the developers may have never thought of it being a potential vulnerability. ISO 13335 – Information Technology Security Techniques defines â€Å"risk† as: â€Å"The potential that a given threat will exploit vulnerabilities of an asset or group of assets and thereby cause harm to the organization†. Figure Source: http://www.digitalthreat.net/2009/06/threat-vs-vulnerability-vs-risk/ The probability of an attack depends on factors like motivation and intent of the actor and probability of attack’s success. The threat, probability of an attack and the impact of the attack on the business equals to the total risk. Figure Source: http://www.digitalthreat.net/2009/06/threat-vs-vulnerability-vs-risk/ Risk Assessment and Management The goal of risk assessment is to minimize the risk effects on the organization and mitigate the impact. There are certain guidelines that are to be followed for the process. Any information security strategy of a business is not complete without it’s risk assessment and management. 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