A Step-by-Step Procedural Methodology for Improving an Organization's IT Risk Management System

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Author(s): Shanmugapriya Loganathan (Excelok Technologies, Singapore)
Copyright: 2018
Pages: 27
Source title: Information Technology Risk Management and Compliance in Modern Organizations
Source Author(s)/Editor(s): Manish Gupta (State University of New York, Buffalo, USA), Raj Sharman (State University of New York, Buffalo, USA), John Walp (M&T Bank Corporation, USA)and Pavankumar Mulgund (State University of New York, Buffalo, USA)
DOI: 10.4018/978-1-5225-2604-9.ch002

Keywords: Business Science Reference / Information Security & Privacy / Risk Assessment / Security & Forensics

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Abstract

Risks in IT are described as a form of threat in context with data security, network transfer, system scheduled processes, critical applications, and business procedures. IT risk management is broadly defined as the process of managing IT risks, and must be executed on a regular basis. It is neither a product nor a purchase, but a policy of an organization implements to protect its business systems. Managing IT risk plays a vital role in administering any business in today's world. Irrespective of the business, deep knowledge of IT risk leads to increased data security, reduced business cost, and greater compliance. This chapter deals with methodologies to improve risk management in an IT organization, their impact, and some examples.

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A Step-by-Step Procedural Methodology for Improving an Organization's IT Risk Management System

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