Information Systems

Introduction

Every company needs to take risks to thrive, but not too much risk which could be catastrophic.

Finding the balanced amount of risk requires identifying what opportunities (or threats) are

present, understanding how significant each of them is, recognizing what action to take to

smartly handle both opportunities and risks, and lastly, monitoring all of the above, including

discovering more prospects and threats. All told, this is called risk management. Specific to the

seven domains of the IT infrastructure, this lab will cover IT risk management.

In this lab, you will define the purpose of an IT risk management plan, you will define the scope

for an IT risk management plan that encompasses the seven domains of a typical IT

infrastructure, you will relate the risks, threats, and vulnerabilities to the plan, and you will create

an IT risk management plan outline that incorporates the five major parts of an IT risk

management process.

Learning Objectives

Upon completing this lab, you will be able to:

Define the purpose and objectives of an IT risk management plan.

Define the scope and boundary for an IT risk management plan to encompass the seven

domains of a typical IT infrastructure.

Relate identified risks, threats, and vulnerabilities to an IT risk management plan and risk

areas.

Incorporate the five major parts of an IT risk management process into a risk management

plan’s outline.

Craft an outline for an IT risk management plan, which includes the seven domains of a

typical IT infrastructure and the five major parts of risk management and risk areas.

Lab #3 Defining the Scope and Structure for an IT Risk Management Plan

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Deliverables

Upon completion of this lab, you are required to provide the following deliverables to your

instructor:

1. Lab Report file; 2. Lab Assessments file.

Defining the Scope and Structure for an IT Risk Management Plan

Hands-On Steps

uNote: This is a paper-based lab. To successfully complete the deliverables for this lab, you will need access to Microsoft® Word or another compatible word processor. For some labs, you may also need access to a graphics line drawing application, such as Visio or PowerPoint. Refer to the Preface of this manual for information on creating the lab deliverable files.

1. On your local computer, create the lab deliverable files.

2. Review the Lab Assessment Worksheet. You will find answers to these questions as you proceed through the lab steps.

3. On your local computer, open a new Internet browser window.

4. Using your favorite search engine, search for information on the IT risk management process.

5. Briefly review at least five of the first page results.

6. In the address box of your Internet browser, type the URL https://www.uvm.edu/sites/default/files/UVM-Risk-Management-and- Safety/Guide_to_Risk_Opportunity_Assessment_Response.pdf and press Enter to open the Web site.

7. Review the PDF titled “Guide to Risk Assessment & Response.”

uNote: Take special note of the University of Vermont’s “Guide to Risk Assessment & Response” document and the insightful sections titled “Things to Keep in Mind” and “Steps to Follow” for each of the assessment steps.

8. In the address box of your Internet browser, type the URL

https://web.archive.org/web/20130418005540/http://www.education.nt.gov.au/__data/ass ets/pdf_file/0011/4106/risk_management_process.pdf and press Enter to open the Web site.

9. Review the PowerPoint slide deck titled “The Risk Management Process.”

10. In your Lab Report file, describe in what ways the risk management process in both IT and non-IT environments are similar. Briefly describe in your own words the five major steps of risk management: plan, identify, assess, respond, and monitor.

11. In your Lab Report file, describe the plan.

12. Review the seven domains of a typical IT infrastructure (see Figure 1).

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Figure 1 Seven domains of a typical IT infrastructure

13. Using the following table of risks, threats, and vulnerabilities that were found in a health care IT infrastructure servicing patients with life-threatening conditions, review the risks in the following table. Consider how you might manage each risk and which of the seven domains each one affects:

Risks, Threats, and Vulnerabilities Unauthorized access from public Internet

Hacker penetrates IT infrastructure

Communication circuit outages

Workstations

Workstation operating system (OS) has a known software vulnerability

Denial of service attack on organization’s e-mail

Remote communications from home office

Workstation browser has software vulnerability

Weak ingress/egress traffic-filtering degrades performance

Wireless Local Area Network (WLAN) access points are needed for Local Area Network (LAN) connectivity within a warehouse

Need to prevent rogue users from unauthorized WLAN access

User destroys data in application, deletes all files, and gains access to internal network

Fire destroys primary data center

Intraoffice employee romance gone bad

Loss of production data server

Unauthorized access to organization-owned workstations

LAN server OS has a known software vulnerability

User downloads an unknown e-mail attachment

Service provider has a major network outage

22 | LAB #3 Defining the Scope and Structure for an IT Risk Management Plan

User inserts CDs and USB hard drives with personal photos, music, and videos on organization- owned computers

Virtual Private Network (VPN) tunneling between the remote computer and ingress/egress router

14. In your Lab Report file, for each of the domains, create an outline in the scope of your risk management plan. Include the following topics—the five major parts of an IT risk

management process—for each domain:

 Risk planning

 Risk identification

 Risk assessment

 Risk response

 Risk monitoring

Note: This completes the lab. Close the Web browser, if you have not already done so.

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Copyright © 2015 by Jones & Bartlett Learning, LLC, an Ascend Learning Company. All rights reserved.

www.jblearning.com Student Lab Manual

Evaluation Criteria and Rubrics

The following are the evaluation criteria for this lab that students must perform:

1. Define the purpose and objectives of an IT risk management plan. – [20%] 2. Define the scope and boundary for an IT risk management plan to encompass the seven

domains of a typical IT infrastructure. – [20%]

3. Relate identified risks, threats, and vulnerabilities to an IT risk management plan and risk areas. – [20%]

4. Incorporate the five major parts of an IT risk management process into a risk management plan’s outline. – [20%]

5. Craft an outline for an IT risk management plan, which includes the seven domains of a typical IT infrastructure and the five major parts of risk management and risk areas. –

[20%]

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