How would a baseline risk level be established? How ISMS and FAIR can be applicable to organizations: Institute of Risk Management Assignment, GCU, UK

Dec 11, 2023

University

Subject Institute of Risk Management
  1. How would a baseline risk level be established? How ISMS and FAIR can be applicable to organizations.
  2. What approach could be taken to define a risk assessment and can a single approach work or it will be more appropriate to individually assess each domain? Along with risk analysis and treatment strategies.
  3. How would the effectiveness of controls (risk response) be measured? What can be risk quantification measures and metrics? How to monitor ongoing risk?

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