At issue is the process a business uses to manage legal risk.
Additional Resources All facilities face a certain level of risk associated with various threats.
These threats may be the result of natural eventsaccidentsor intentional acts to cause harm. Regardless of the nature of the threat, facility owners have a responsibility to limit or manage risks from these threats to the extent possible.
An Interagency Security Committee Standard which states, "Risk is a function of the values of threat, consequence, and vulnerability. The objective of risk management is to create a level of protection that mitigates vulnerabilities to threats and the potential consequences, thereby reducing risk to an acceptable level.
A variety of mathematical models are available to calculate risk and to illustrate the impact of increasing protective measures on the risk equation. Threat Assessment Figure 1.
A threat assessment considers the full spectrum of threats i. The ISC standard only addresses man-made threats, but individual agencies are free to expand upon the threats they consider.
The assessment should examine supporting information to evaluate the relative likelihood of occurrence for each threat. For natural threats, historical data concerning frequency of occurrence for given natural disasters such as tornadoes, hurricanes, floods, fire, or earthquakes can be used to determine the credibility of the given threat.
For criminal threats, the crime rates in the surrounding area provide a good indicator of the type of criminal activity that may threaten the facility. For example, a facility that utilizes heavy industrial machinery will be at higher risk for serious or life-threatening job related accidents than a typical office building.
For terrorist threats, the attractiveness of the facility as a target is a primary consideration. In addition, the type of terrorist act may vary based on the potential adversary and the method of attack most likely to be successful for a given scenario. For example, a terrorist wishing to strike against the federal government may be more likely to attack a large federal building than to attack a multi-tenant office building containing a large number of commercial tenants and a few government tenants.
However, if security at the large federal building makes mounting a successful attack too difficult, the terrorist may be diverted to a nearby facility that may not be as attractive from an occupancy perspective, but has a higher probability of success due to the absence of adequate security.
In general, the likelihood of terrorist attacks cannot be quantified statistically since terrorism is, by its very nature random.
Specific definitions are important to quantify the level of each threat. The more specific the definition, the more consistent the assessments will be especially if the assessments are being performed by a large number of assessors.
Example assessments are provided below: There are aggressors who utilize this tactic who are known to be targeting this facility or the organization.
There is a history of this type of activity in the area and this facility is a known target. Specific threats have been received or identified by law enforcement agencies. Events of this nature occur in the immediate vicinity on a frequent basis. There are aggressors who utilize this tactic who are known to target this type of facility.
No specific threat has been received or identified by law enforcement agencies. Events of this nature occur in the immediate vicinity periodically i.
There are aggressors who utilize this tactic, but they are not known to target this type of facility. There is a history of this type of activity in the area, but this facility has not been a target. Events of this nature occur in the region on a sporadic basis.
No aggressors who utilize this tactic are identified for this facility and there is no history of this type of activity at the facility or the neighboring area. There is no history of this type of event in the area. Vulnerability Assessment Once the plausible threats are identified, a vulnerability assessment must be performed.This Memorandum of Understanding is between ABC Housing Corporation (the owner), a nonprofit corporation, XYZ Incorporated (the service provider), a nonprofit corporation and People's Management Company (the management company), a for-profit corporation.
Evaluate the security associated with public self service web applications that are used by ABC Company’s customers. These activities are part of ABC Company’s ongoing risk management program and are focused on identifying the risk level ABC Company is currently exposed to so that an appropriate set of responses to those threats can be developed.
Security Evaluation of ABC Systems Security Assessment Methodology Detailed consideration of alternative approaches Exploiting Risk Analysis and Assessment as important FastPass design tool 7. 8 Requirements Schengen Border Code Process Flow Design System Design. What is CyPSA? CyPSA is a Cyber-Physical Security Assessment toolset designed to improve reliability of grid operations.
CyPSA researchers are developing scalable grid modeling, monitoring, and analysis tools to improve grid resiliency to system failures and cyber attacks. Corporate Counsel Oversight of the Risk Assessment Process Posted on By: Gary Deutsch M.B.A, C.P.A.
The design of the agile IT security risk assessment model needed to take into account the agile criteria defined for the model, and the vulnerability database that would be used to populate the model.