ISACA Review: Re-evaluation of ISACA Risk analysis
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Course
ISACA
Institution
ISACA
Re-evaluation of ISACA Risk analysis
According to De Haes et al. (2020), the use of COBIT implementation in IT governance plays a critical role in risk assessment. The method takes into consideration the probability as well as the direct impact of a threat to help people management make informed d...
According to De Haes et al. (2020), the use of COBIT implementation in IT governance
plays a critical role in risk assessment. The method takes into consideration the probability as
well as the direct impact of a threat to help people management make informed decisions.
Roldán-Molina et al. (2017) state that proper assessment must incorporate all the potential
risks individually.
RISK EVENT PROBABILITY IMPACT OVERALL
RISK RATING
Laptop or mobile device with High High- this would result in devastating High
proprietary data lost or stolen consequences to the company by
directly affecting the company's
competitive advantage, reputation, and
public trust
Internal network break-in from outside Low Medium-high- in the unlikely event that Medium Low
this would happen, the system would
suffer harmful exposure and reputation
Virus, worm or Trojan infection High Medium-high - disruption at Code High
Galore would be devastating
An external attacker or insider stole Medium Low High- this would seriously affect the Medium
the source code source organization's critical competitive
advantage especially in light of its
dwindling health
Denial of service attacks Medium Medium- this kind of attack is relatively Medium
easy to address. As such, it would not
wholly paralyze operations.
Data Security breach for personal, Medium-low High- negatively expose the company, Medium
financial and or customer data affect company reputation, and lose
client trust.
Prolonged IT Outage Low High- this would paralyze operations at Medium
the firm hence causing devastating
effects overall
Pirated software, music or movies Low Medium-high- damage reputation, lose Medium
used within Code Galore clients and face legal action
An attack against others initiated by Low Medium high - affect company Medium
Code Galore employee reputation and trust
Data extrusion through interception of Medium Low- the company has policies in place Low
wireless signals curbing this from taking place
Sabotage of source code Low Low- the occurrence is highly unlikely, Low
and the company has backup systems in
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