Risk Management 101 for IT Professionals Essential Concepts - Section Introduction - Why We Need Risk Management

This video tutorial covers the importance of risk management, starting with its necessity and moving into legal and regulatory concerns such as due care, due diligence, and gross negligence. It then delves into common IT vulnerabilities and the state of cybersecurity in late 2021 and early 2022. The tutorial concludes with a case study on the 2021 Colonial Pipeline ransomware attack.

What vulnerabilities are commonly discussed in the context of risk management?

Summarize the case study of the 2021 Colonial Pipeline ransomware attack.