1.So here is a question for you weekend posters to ponder. Your CEO has asked yo

Question

1.So here is a question for you weekend posters to ponder. Your CEO has asked you to do a risk assessment of the computer applications your company's users logon to for conduting business, what criteria would you use to decide which applications to assess first, that is, what risk ranking criteria would you suggest using?

2. Did you know you can eliminate the cost of security breaches by buying an insurance policy? For a company, do you think this is worth the investment and is a reasonable risk management approach?

Explanation / Answer

Criteria used to do Risk assessments of computers application is as follows:

1) The applications that having major impact on organization business, should be access first.
2) First of all a priority list must be created, having computers application which have high impact to low impact towards organization growth
3) Applications of untrusted sources must be access first. applications which were perinstalled with computers can be given lower priority while risk assessments
4)Applications purchased from authentic vendors can also be given low priority while risk assessments

Buying Insurance Policy

Yes, i think this is worth to do investment in insurance policy. But before investing in the insurance policy, a decision must be made in higher management regarding choosing a insurance company. Insurance company must be choosen on the bases of market value, current performance.

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