CO4512: Information Security Management - Report Writing - IT Assignment Help

Assignment Task:

Learning outcomes assessed by this exam:
1. Select and use applicable standards and methods for information security and risk management. 
2. Compare and critically evaluate alternatives for information security management and risk assessment.
3. Critically discuss the benefits and pitfalls of compliance with respect to security. 

Question 1 
The first step towards the implementation of an ISMS (Information Security Management System) in an organisation is to define its boundaries, i.e., to define the ISMS scope.  

A) Explain the main differences between the in-scope and out-of-scope area.You should use examples related to the XYZVISA scenario in the Appendix A in your explanation.
B) Explain the drawbacks and advantages of narrow ISMS scopebased on the scenario in the Appendix A.
C) Provide and justify six (6) in-scope and four (4) out-of-scope elements from the scenario in Appendix A.  

Section B – Answer any TWO Questions

Question 2
One of the most important steps during asset-oriented risk assessment is identifying the assets in an organisation. List and justify five (5) primary and ten (10) secondary assets fromthe scenario in Appendix A.

Question 3
Asset-oriented, threat-oriented and vulnerability-oriented security risk assessment methods. 
A) Apply the asset-oriented risk assessment approach to the XYZVISA scenario described in Appendix A. 

Identify two (2) threats, two (2) vulnerabilities and two (2) risks derived from your chosen methodology. 

B) For each risk identified in A) above, estimate its likelihood and impact using a scale of Low, Medium and High. Justify each estimation.

C) Draw a 3x3 risk matrix to illustrate the severity of each risk.

Question 4 
A) Discuss the five (5) generic phases of risk assessment defined by the ISO 27005 standard. 

B) Consider the XYZVISA scenario in Appendix A. Describe two (2) example activities performed in each of the five (5) generic phases of risk assessment above.
Your examples have to be related to the XYZVISA scenario.

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