Highlights
VGB’s new IT Systems Manager, has contracted you as an external auditor to undertake an information security, risk assessment audit. You are an Information Systems Security Auditor who has been assigned to VGB to carry out an extensive information risk assessment of the not-for-profits information management practices and information assets. Your task is to produce a 2500-word auditors report (in business report format). Your report should address the following specified components:
Prepare a information security risk assessment. To do so, you must:
1. Clearly and concisely assess VGB’s strategic environment and the value creating activities they undertake in order to propose a target risk appetite and risk tolerance level,
2. Identify the key roles and responsibilities of individuals and departments within the organisation as they pertain to information management and risk assessment,
3. Carefully audit the case study to identify and prepare an inventory (descriptive list) of information assets that includes VGBs most significant, physical &/or logical information resources, information of value and the information systems/process required for sound information security management and risk management,
4. Identify risks for the information assets identified: provide an analysis of the threats and vulnerabilities for VGBs most important information assets (both information and information systems/processes),
5. Present a likelihood and impact analysis for the five (5) most significant risks you have identified, in doing so,
6. Evaluate and prioritise the 5 most significant risks for VGB to manage in order in your assessment table.
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