Question: What Are The Risks Of Information Security?

What are the biggest security risks that ElectroMyCycle faces?

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What are the biggest security risks that ElectroMyCycle faces.

The biggest risks are from tech savvy vendors and customers applying a DOS attack amongst other types of attacks and internal non – compliance.

VPN’s also can pose a viable threat if infiltrated..

What are examples of risks?

Examples of uncertainty-based risks include:damage by fire, flood or other natural disasters.unexpected financial loss due to an economic downturn, or bankruptcy of other businesses that owe you money.loss of important suppliers or customers.decrease in market share because new competitors or products enter the market.More items…•

What are the 5 types of risk?

Types of investment riskMarket risk. The risk of investments declining in value because of economic developments or other events that affect the entire market. … Liquidity risk. … Concentration risk. … Credit risk. … Reinvestment risk. … Inflation risk. … Horizon risk. … Longevity risk.More items…•

What are the types of risks in information security?

The typical threat types are Physical damage, Natural events, Loss of essential services, Disturbance due to radiation, Compromise of information, Technical failures, Unauthorised actions and Compromise of functions.

What are the risks of computer security?

Computer security risks can be created by malware, that is, bad software, that can infect your computer, destroy your files, steal your data, or allow an attacker to gain access to your system without your knowledge or authorization. Examples of malware include viruses, worms, ransomware, spyware, and Trojan horses.

What are the 5 reasons to network security problems?

5 Common Network Security Problems and SolutionsProblem #1: Unknown Assets on the Network. … Problem #2: Abuse of User Account Privileges. … Problem #3: Unpatched Security Vulnerabilities. … Problem #4: A Lack of Defense in Depth. … Problem #5: Not Enough IT Security Management.

What are the 3 threats to information security?

In Information Security threats can be many like Software attacks, theft of intellectual property, identity theft, theft of equipment or information, sabotage, and information extortion.

What is risk control in information security?

Risk control is the set of methods by which firms evaluate potential losses and take action to reduce or eliminate such threats. It is a technique that utilizes findings from risk assessments.

What are the 4 types of risk?

The main four types of risk are:strategic risk – eg a competitor coming on to the market.compliance and regulatory risk – eg introduction of new rules or legislation.financial risk – eg interest rate rise on your business loan or a non-paying customer.operational risk – eg the breakdown or theft of key equipment.

What are the 3 types of risks?

Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.

How do you identify risks?

8 Ways to Identify Risks in Your OrganizationBreak down the big picture. When beginning the risk management process, identifying risks can be overwhelming. … Be pessimistic. … Consult an expert. … Conduct internal research. … Conduct external research. … Seek employee feedback regularly. … Analyze customer complaints. … Use models or software.