Risk Treatment
 |
The risk treatment summarized by Verizon (2017) surveys for the following cybersecurity risk is as appended below:
- The Human Element
- Conduit Devices
- Configuration Exploitation
- Malicious Software
|
 |
Threats Resulting from The Human Element
Risk Treatment Strategy for The Human Element
|
S/No
|
Threat Scenario
|
Risk Treatment
|
Description of Risk Treatment/Control
|
|
Accept (A)
|
Mitigate/ Reduce (MR)
|
|
1
|
Social Engineering
|
✓
|
-
|
- Incident Response and Management
|
|
-
|
✓
|
- Create an inventory of authorized and unauthorized software.
- Program secure configurations for hardware and software.
- Set up defences against malware.
- Install boundary defences.
- Manage access control based on access requirements.
- Train and create awareness among employees.
|
|
2
|
Financial Pretexting
|
✓
|
-
|
- Incident Response and Management
|
|
-
|
✓
|
- Maintain, monitor and analyse audit logs.
- Install protections for email and web browsers.
- Manage access control based on access requirements.
- Train and create awareness among employees.
|
|
3
|
Digital Extortion
|
-
|
✓
|
- Set up defences against malware.
- Develop measures to ensure the organisation is capable of recovering its data.
|
|
4
|
Insider Threat
|
-
|
✓
|
- Control usage of administrative privileges.
- Maintain, monitor and analyse audit logs.
- Install controls to protect data.
- Monitor and control account usage.
|
|
5
|
Partner Misuse
|
✓
|
-
|
- Incident Response and Management
|
|
-
|
✓
|
- Maintain, monitor and analyse logs.
- Install boundary defences.
- Install controls to protect data.
- Monitor and control account usage.
|
|
6
|
Hacktivist Attack
|
-
|
✓
|
- Conduct vulnerability assessment continuously.
- Remediate identified vulnerabilities.
- Control usage of administrative privileges.
- Install protections for email and web browsers.
- Monitor and control account usage.
- Manage security levels of application software.
|
|
7
|
Disgruntled Employee
|
-
|
✓
|
- Create an inventory of authorised and unauthorised devices.
- Maintain, monitor and analyse logs.
- Develop measures to ensure the organisation is capable of recovering its data.
- Install controls to protect data.
- Monitor and control account usage.
|
Risk Treatment Strategies for “The Human Element” Threats
CIR Risk Treatment Strategies
|
Risk Treatment Strategy
|
The Human Element
|
Conduit Devices |
Config-uration Exploitation |
Malicious Software
|
Back To: Overview of RAR and BIA
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Goh, M. H. (2017). A Manager's Guide to Business Continuity Management for Cyber Security Incidents, 2nd Edition. GMH Pte Ltd.
Reference: Chapter 6Risk Analysis and Review and Business Impact Analysis 6.9 Risk Treatment
Note: This version was the draft 2nd Edition being updated by 2023. The numeric in the square bracket [X.X] cross-refers to the actual chapter and section in the 1st Edition.
