Risk Acceptance Agreement

In total, the smart city market is expected to exceed $1.7 trillion over the next 20 years. But networking between the virtual and physical infrastructure that makes a smart city work also creates significant new cybersecurity risks. Each additional access point expands vulnerabilities for sensitive data risks. Smart cities can be vulnerable to many cyberattack techniques such as remote execution and signal jamming, as well as traditional means, including malware, data manipulation and DDoS. To overcome these risks, it is necessary to develop a critical infrastructure involving all parties (from individual citizens to large public and private institutions). Identify alternative methods to address the risks identified during the risk assessment. Companies can react in different ways or address risks, including risk acceptance, prevention, reduction or transfer. One approach is a combination of risk response measures in the time phase or depending on the situation. In an emergency, for example, organizations can accept the risk associated with an unfiltered connection to an external communications provider, then avoid the risks by cutting off the connection, reducing short-term risk, using security controls to search for malware, or seeking unauthorized access to information that appeared during the unfiltered login period, and, finally, reducing the long-term risk by using controls to deal with these connections. First, when new systems are added to the medical centre`s computer network or when existing systems are upgraded to trigger procurement processes, the health risk assessment strategy requires that a risk assessment be completed before accepting the new risk profile. Risk assessment should assess the system environment, identify system vulnerabilities and identify all threats to the system to determine a qualitative measure of the risk to the organization. There will always be vulnerabilities that will not have a solution (patch or solution) or for which the fix will require a long-term plan to address and test the solution. How do you manage and follow them so that they are not lost? To address these scenarios, you can implement the existing risk-averse/exemption process, which we reviewed in Chapter 8.

This will help you fully assess the risk of operations in its current state, consider any mitigating controls that may reduce your risk, and encourage executive management to sign up. In addition, this process should include a follow-up mechanism to allow you to set an expiration date for acceptance and ensure that the solution is being developed. Most of the results of the TVM program probably have a clear remediation action. B, for example a configuration change or fix, but you must be prepared to fix them, either because a solution has not been released by the manufacturer, or because the uncertain configuration is necessary for professional use. Reducing risk is reducing risk to an acceptable level. Risk reduction is also called risk mitigation and the risk reduction process is also called a reduction analysis. The example of laptop encryption described in the previous ALE section is an example of risk minimisation. The risk of losing PIIs to stolen laptops has been reduced by encrypting data on laptops. The risk has not been completely eliminated; A word of low or exposed encryption could make IPs available, but the risk has been reduced to an acceptable level. Document and verify risk acceptance and exceptions. Changes to the medical center`s computer networks, such.

B that the addition of a new system or the modernization of an existing system, cause changes in risk to the network, which must be managed and accepted by the Medical Center. UVa Medical Center`s risk-accepting strategy depends on three key processes:

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