The cost baseline that must be taken into account for the whole life cycle of the control is established by total cost of ownership, making it the most pertinent piece of information to be included in the cost-benefit analysis.
When mitigation is assigned to personnel, accountability for meeting the deadline is established.
The account will be actively guarded against unwanted access through the use of two-factor authentication.
The next stage is to determine the impact's magnitude after the likelihood has been established.
Compliance, ethics, and risk management make up the second line of defense, which serves as a guide.
The risk practitioner must examine the enterprise's goals and risk tolerance when designing risk management strategies and define a risk management framework based on this study. While some businesses may opt to accept known risk, others may invest in and implement risk-mitigating systems.
The biggest danger is improper oversight of IT investments. Without adequate management oversight, IT investments may not be in line with company strategies, and IT spending may not be supporting business goals.
