Framework for Risk Management and Control Implementation PPT

This PPT slide, part of the 38-slide FEAF: Security Reference Model (SRM) PowerPoint presentation, outlines the critical role of controls in managing risks within an organizational framework. It presents a visual representation of how various elements—threat sources, attack vectors, assets, and vulnerabilities—interact within a risk ecosystem. The diagram emphasizes the relationship between these components and illustrates the flow from threat identification to incident management.

At the top, the "Bad guys" and "Good guys" dichotomy highlights the contrasting forces at play. The "Threat source" and "Attack vector" sections indicate where risks originate and how they manifest. The slide further breaks down the concept of risk into its components: threat, impact, and risk management, which are essential for understanding the overall risk profile.

The middle section introduces risk assessment and management strategies, including training, technical controls, and ongoing monitoring. These elements are crucial for preparing an organization to respond effectively to potential incidents. The slide also mentions incident management, referencing NIST categories, which suggests a structured approach to handling incidents once they occur.

The lower part of the slide outlines various methods to address risks, such as risk mitigation, avoidance, transfer, and acceptance. This comprehensive view helps organizations understand the importance of proactive measures and continuous monitoring in safeguarding assets. Overall, the slide serves as a foundational overview for executives seeking to enhance their risk management strategies, providing insights into how controls can effectively diminish risks and protect valuable assets.

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Risk Management Cyber Security Enterprise Architecture Business Architecture Incident Management