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Final Exam questions - Assignment Example

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Risk assessment answers three types of questions that relates to “incident response, security operations, and security program” (Landol, 2011, n.p.)…
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Final Exam questions
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Final exam questions Question Risk assessment aims at identifying threats in order to facilitate prevention of risks and management when such risksoccur. Risk assessment answers three types of questions that relates to “incident response, security operations, and security program” (Landol, 2011, n.p.). Incidence response questions includes questions to any one that can be involved in response to a risk occurrence, operations type of questions are asked to security personnel while security program type of questions are asked to planners and managers (Landol, 2011).
Question 2
Quantitative risk assessment applies specific formulas, on quantitative data, to compute relative values of risk factors. Qualitative risk assessment however applies rationale to develop fixed values of factors to risk. Qualitative risk assessment method is the most suitable for homeland security. This is because of its diversified advantages, over the quantitative method, that meets the scope of Homeland security’s need for fast and accurate reactions. The advantages include simple analysis and results that facilitates prompt detection and response to risks (Landon, 2011).
Question 3
Risk management refers to a strategic process of managing probability of loss that is associated with a peril. Risk management strategies involve identification of involved risk, followed by its analysis that culminates to mitigation. The strategies are “avoidance, reduction,” and transfer (Akitonye, and Beck, 2009, p. 245).
Question 5
The three major threats facing the United States today are terrorism, natural disasters, and cyber crime. Terrorism is however the greatest of these threats because of its source and its political aspects. Being caused by human beings means that it can happen any time and its risk is enhanced by the United States international positions as a world power. The nation’s participation in international wars, especially in the Middle East also identifies significance of the threat.
Essay questions
Relationship and meaning of risk, critical assets, threats, vulnerability, and consequence
The relationship between risk, critical assets, threats, vulnerability, and consequences is that risk is a factor of critical assets, threats, and vulnerability, and its occurrence leads to adverse consequences. Risk defines exposure to a peril or potential peril. Critical assets define those assets that are instrumental to attainment of an objective while threats define phenomena that induce unpleasant effects. Vulnerability refers to the susceptibility to a threat and consequences define the results of manifestation of a threat. The presence of critical assets, threats, and vulnerability integrates to identify existence of a risk. Manifestation of threat on a critical asset’s vulnerability then culminates to consequences (Landon, 2011).
Response to the CEO
Based on the developed concern over the security of the Rocky Hill Lab, My department has developed a strategy for managing the involved risk on the facility. The five-step strategy has identified both the vaccine’s raw materials and finished product together with the computer system for developing the vaccine as critical assets. We have further identified cyber attacks against the facility’s computer system and physical attacks on the stores as potential threats. Analysis of the facility’s susceptibility followed this and identified security weaknesses that could have been used to attack the facility. In response to the conditions, we have improved our online security and are currently monitoring all activities in the computer networks that cannot be accessed from outside the organization’s system. We have similarly arranged for installation of cameras around and within the facility to facilitate immediate identification of physical threats. I can therefore assure you that no threat can succeed against the facility (Clampa, 2008).
Reference
Akitonye, A. and Beck, M. (2009). Policy, management and finance for public-private partnerships. Ames, IA: John Wiley & Sons.
Clampa, M. (2008). Security+ guide to network security fundamentals. Boston, MA: Cengage Learning.
Landon, D. (2011). The security risk assessment handbook: A complete guide for performing security assessments. Boca Ranton, FL: CRC Press. Read More
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