Risk analysis is one of many tools for security improvement. The main idea of it is based on analysis of gathered information about an observed company and following searching for some group of countermeasures which can reduce a risk. The paper discuss inference mechanisms in the process of Risk Analysis called Risk Management. The progress is demonstrated by one example.

Recently, a novel approach towards semi-quantitative IT security risk assessment has been proposed in the draft IEC 62443-3-2. This approach is analyzed from several different angles, e.g. embedding into the overall standard series, semantic and methodological aspects. As a result, several systematic flaws in the approach are exposed. As a way forward, an alternative approach is proposed which ...

An overview is given of recent problems with food-borne enteric human pathogens originating from contaminated agricultural animals. The need for risk analysis is indicated, and the generally accepted procedure for risk assessment is outlined. Two main approaches to probability and risk calculations, namely the “frequentist” and Bayesian approaches, are described. Examples are given of microbial...

In the traditional methodology of risk management, a widely accepted practice is to seek rational means to maneuver anticipated risks in a rational way while excluding uncertain events whose probabilities are sufficiently low. The extensive damage caused by the Great East Japan Earthquake revealed the ineffectiveness of existing views on risk management in the area of unforeseen risk. Based on ...

safety distance has already been a main measurement for the hazard control of chemical installations interpreted to mean providing space between the hazardous installation and different types of targets. but, the problem is how to determine the enough space. this study considers the application of quantitative risk assessment to evaluating a compressed natural gas station site and to identify n...

As virtualization technology gains a stronger foothold in IT departments, many questions are being raised: " How will this technology affect my existing security posture? " ; " What new concerns need to be addressed to mitigate this risk? " and " What elements of risk does virtualization share with physical deployments? " As you would expect, there is no one size fits all solution to security, ...

The economic relevance of IT risk is increasing due to various operational, technical as well as regulatory reasons. Increasing flexibility of business processes and rising dependability on IT require continuous risk assessment, challenging current methods of risk management. Extending these methods by a business process-oriented view is a promising approach for taking the occurring dynamics an...

1.1 Case Study overview including organizational diagram.....................................3 1.2 Motivation and justification........................................................................................4 1.3 Why risk assessment is important (impact)....................................................4 2. The scope of Risk assessment in compliance with ISO27001.........................

Investments in e-business projects are necessary for organization to remain competitive in nowadays. Since the capital resources of a business are limited, it is necessary to allocate the resources in an optimized way in order to maximize the shareholders equity. However, in the implementation of an e-business project, there are always financial risks due to its complicated nature. It is theref...