First Principles of Risk Management and Compliance

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 The process of identifying potential threats and vulnerabilities that could negatively impact the success of a project or organization, and is a critical step in the risk management process.

 Selecting and implementing safeguards to manage identified risks in order to reduce their impact on a project or organization. It involves evaluating the options for risk mitigation, including avoidance, transference, mitigation, and acceptance, and choosing the most appropriate course of action to manage the risk. 

 Dedication and involvement of an organization's leadership in promoting and supporting risk management practices. This includes providing resources, setting expectations, and creating a culture that values risk management as a fundamental aspect of decision-making and operations 

 The continuous process of identifying, analyzing, and prioritizing potential security threats and vulnerabilities in order to mitigate their risk to an organization. This includes regularly monitoring the external threat environment, conducting internal vulnerability assessments, and implementing mitigation strategies to reduce the likelihood and impact of security incidents. 

 Documented guidelines and requirements that an organization uses to manage its risk and ensure the security of its assets. They provide a framework for decision-making, define acceptable behavior, and set technical and operational standards for information security and risk management. 

 Process of regularly reviewing and testing the effectiveness of security controls in meeting the organization's security objectives. This includes monitoring the implementation of security measures, evaluating their performance, and verifying that they are functioning as intended to ensure the protection of sensitive information and assets.