Risk Management For Cybersecurity

The management's guide to understanding Risk Management decisions in cybersecurity and information technology (IT)

Last updated 2022-01-10 | 4.6

- Understand the foundations of Risk Management in the cybersecurity and information technology field
- Be able to use qualitative risk measurement techniques when discussing networks and projects
- Be able to use quantitative risk measurement techniques when discussing networks and projects

What you'll learn

Understand the foundations of Risk Management in the cybersecurity and information technology field

Be able to use qualitative risk measurement techniques when discussing networks and projects

Be able to use quantitative risk measurement techniques when discussing networks and projects

Discuss current events in the technology space in relation to risk management decisions

* Requirements

* No special tools are required
* just a willingness to learn about Risk Management in the Cybersecurity and Information Technology (IT) field

Description

Have you ever wondered why your organization's executives or your manager made a decision to fund or not fund your project?

In this course, you will get an inside look at how cybersecurity and information technology (IT) managers determine which projects they will support with funding, and which they won't, based on a preliminary risk analysis. Over the past two decades, I have worked in the cybersecurity and information technology realm, fighting for my projects to be funded. Early in my career, I didn't understand why certain projects would be funded and executed, while others wouldn't. What I learned, is that it all came down to Risk Management by our executives and managers.

You will learn the terms used by executives and managers in discussing Risk Management, and how to apply the concepts of Risk Management to your networks, systems, and projects. This course is not an operational or tactical course that focuses on how you will secure your networks, but instead focuses on the mindset of managers and teaches you how to think like they do. Once you master these concepts, it is much easier to build your business case for your projects and justify your budgetary needs.

Throughout this course, we will discuss what comprises Risk (assets, threats, and vulnerabilities), providing numerous real-world examples along the way. We will also cover Qualitative and Quantitative Risk Measurements, showing how you can calculate the risk of an uncertainty due to vulnerabilities and threats.

This course also includes two case studies of what happens when risk management fails, as demonstrated by the Amazon Web Services outage and Equifax data breach that both occurred in 2017. You will learn to better understand these scenarios, what caused the outage/breach, and why managers may have made the decisions they did that led up to them.

Upon completion of this course, you will earn 3 CEUs towards the renewal of your CompTIA A+, Network+, Security+, Linux+, Cloud+, PenTest+, CySA+, or CASP+ certifications.

Who this course is for:

Information Technology mangers
Cybersecurity managers
Aspiring managers

Course content

6 sections • 24 lectures

Introduction 2 lectures

Introduction Preview 05:37

This video contains a short introduction from your instructor, Jason.

Download the Study Guide Preview 00:07

This lesson includes the downloadable study guide as a resource for your offline studies and note taking.

What is Risk? 4 lectures

What is Risk? Preview 07:10

In this lecture, we will discuss the three major components of risk: assets, vulnerabilities, and threats.

Types of Risk Preview 13:24

In this lecture, you will learn the different types of risk that exist in the business world and in our IT networks.

Types of Threats Preview 05:21

In this lesson, we will discuss the different types of threats that our networks and businesses face.

When Risk Management Fails Preview 03:44

In this lecture, we will breakdown what happens when Risk Management fails by examining the Amazon Web Services outage from 2017 that took down nearly the entire East Coast region!

What Can You Do With Risk? 7 lectures

What can you do with Risk? Preview 01:14

In this video, we will introduce the concepts of mitigating, transferring, avoiding, and accepting risk.

Risk Mitigation Preview 03:53

In this video, we will dive deeper into the concept of Risk Mitigation.

Risk Transference Preview 02:13

In this video, we will dive deeper into the concept of Risk Transference.

Risk Avoidance Preview 02:24

In this video, we will dive deeper into the concept of Risk Avoidance.

Risk Acceptance Preview 03:34

In this video, we will dive deeper into the concept of Risk Acceptance.

Risk Controls Preview 04:31

In this video, we will discuss how risk controls are selected.

Risk Responses Preview 04:24

In this lesson, we will take a small detour into the world of project management (PMP and PRINCE2) to discuss additional risk responses that are available beyond the four basics we discussed above.

Calculating Risk 4 lectures

Calculating Risk Preview 03:08

In this lesson, you will learn the different types of ways to calculate risk.

Qualitative Risk Measurement Preview 06:15

In this video, we will discuss the qualitative risk measurement methods.

Quantitative Risk Measurement Preview 08:23

In this video, we will discuss the quantitative risk measurement methods.

Case Study: Equifax Data Breach (July 2017) Preview 06:01

In this video, we will discuss the Equifax data breach of July 2017, what led up to it, and the management decisions that could have prevented it.

Risk Management in the Real World 5 lectures

Risk Management in the Real World Preview 00:58

In this short video, students will receive an introduction to this section of interviews with industry professionals in the Government, Defense, Commercial, and Health Care sectors and how they implement Risk Management in the Real World.

Randy Fuller - Government Sector Preview 27:58

In this video, Jason interviews Mr. Randy Fuller who worked in the Government sector. Mr. Fuller's organization spans across 6 continents and hundreds of thousands of users.

Corey Charles - IT Manager (Vulnerability Management) Preview 20:07

In this video, Jason interviews Mr. Corey Charles who works as an IT Manager in the Vulnerability Management space in the Government sector. Mr. Charles' organization spans across 6 states and thousands of users.

David Anderson - Health Care Industry Preview 26:42

In this video, Jason interviews Mr. David Anderson, the Director of Information Security Operations for a major health care provider in the United States. His organization spans 46 hospitals across numerous states, and gives us a unique inside look at how decisions made decades ago can still affect the risk posture of our networks today. (The audio quality is not the greatest, unfortunately, as we had to record it over a phone line connection, but it is well worth listening to because the discussion he provides us is outstanding!)

Tu Laniyonu - Insider Threat Preview 21:51

In this interview, we talk with Tu Laniyonu who works in the Government Sector as a digital forensic examiner working on cases of suspected insider threats.