THE EFFECT OF INFORMATION TECHNOLOGY USING ENTERPRISE SECURITY RISK MANAGEMENT
Michael O. Adekanye1 and Shawon S. M. Rahman, Ph.D.
1Address: P.O Box 9201, Trenton NJ 08650, USA
2Associate Professor, Dept. of Computer Science & Engineering, University of HawaiiHilo,200 W. Kawili Street, Hilo, HI 96720, USA
ABSTRACT
The philosophy of Enterprise Security Risk Management (ESRM) drives a risk-based approach to managing any security risks, physical or logical and holistically applies to every security process. There are globally established risk principles that are common among any developed risk management standard. This model associates the relationship of risk principles to the practice of managing security risks. The ESRM processes, when successfully and consistently adapted to a security program, will define what a progressive security program looks like, drive strategic through initiatives, build the business understanding of security’s role to develop a budgeting strategy, and initiate board-level, risk-based reporting. The management security leader's role in ESRM is to manage risks and unthinkable harm to enterprise assets and stockholder in partnership with the business leaders whose assets are exposed to those risks management. ESRM is part of educating business leaders on the realistic of impacts. These identified risks, presenting any potential strategies to mitigate those impacts, and enacting the option chosen by the business in line with acceptable levels of business risk tolerance. The present data should be used to showcase how our service helps identify, evaluate, and mitigate risks at face value that would be detrimental to a company’s long-term prosperity. We need to show how using our security risk management will ultimately benefit the company's work by improving policies and procedures and reducing other expenses through the use of risk principles management.
KEYWORDS
Enterprises Security Risk Management, ESRM, Maturation of a Profession, Unfettered Rules, Risk Mitigation, Risk Mechanism, Enterprise Risk Management, Risk Principles Management, Manage Security Programs
Original source link : http://aircconline.com/ijnsa/V10N5/10518ijnsa02.pdf
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