Risk Management for Cyber Security Managers - Risk Management Processes

The video tutorial covers the process of risk management, starting with risk analysis, which involves identifying assets, vulnerabilities, threats, and safeguards. It explains the risk management cycle, including risk identification, evaluation, control, and monitoring. The concept of risk appetite is introduced, highlighting how organizations determine acceptable risks. The importance of continuous risk monitoring is emphasized to adapt to evolving threats.

What is the first step in analyzing risks within a company?

• Determining safeguards

• Identifying assets

• Evaluating threats

• Identifying vulnerabilities

Which of the following is NOT part of the risk management cycle?

• Risk monitoring

• Risk elimination

• Risk evaluation

• Risk identification

What does the term 'risk appetite' refer to?

• The likelihood of a risk occurring

• The process of identifying risks

• The strategies used to mitigate risks

• The amount of risk an organization is willing to accept

Which of the following is a method of risk control?

• Risk appetite

• Risk evaluation

• Risk transference

• Risk identification

Why is risk monitoring important?

• To adapt to changing threats

• To eliminate all risks

• To avoid identifying new risks

• To ensure risks are never accepted