Technology Risks Flashcards

1
Q

Risk Event ID

What are the 4 main risks?

B4-52

A

“SOFI” mnemonic

  1. S– Strategic Risk
  2. O– Operating Risk
  3. F– Financial Risk
  4. I– Information Risk
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2
Q

Risk Event ID
“S” in SOFI mnemonic

What is Strategic Risk?

B4-52

A

the risk of choosing inappropriate technology

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3
Q

Risk Event ID
“O” in SOFI mnemonic

What is Operating Risk?

B4-52

A

the risk of doing the right thing in the wrong way

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4
Q

Risk Event ID
“F” in SOFI mnemonic

What is Financial Risk?

B4-52

A

the risk of having financial resources lost, wasted, or stolen

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5
Q

Risk Event ID
“I” in SOFI mnemonic

What is Information Risk?

B4-52

A

the risk of:

  • loss of data integrity,
  • incomplete transactions,
  • or hackers
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6
Q

What are Errors?

B4-52

A

Unintentional

  • -carelessness
  • -failure to follow directions
  • -ignorance (poor training)
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7
Q

What are Intentional Acts?

B4-52

A
  • -sabotage
  • -embezzlements
  • -viruses
  • -denial of service attacks
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8
Q

What are Disasters?

B4-52

A

fires, floods, earthquakes, terrorism, war

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9
Q

Threats
What are the 5 threats?

B4-53

A
  1. Virus
  2. Worm
  3. Trojan Horse
  4. Denial-of-Service
  5. Phising
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10
Q

Threats

What is a Virus?

B4-53

A
  • -a piece of a computer program that inserts itself into a program to propagate and cause harm
  • -requires a host; cannot run independently
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11
Q

Threats

What is a Worm?

B4-53

A
  • -a program that can run independently and propagate itself over a network
  • -a type of virus
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12
Q

Threats

What is a Trojan Horse?

B4-53

A

A program that appears to have a useful function but contains a hidden unintended function that presents a security risk

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13
Q

Threats

What is a Denial-of-Service Attack?

B4-53

A

One computer (or group) bombard another computer with a flood of network traffic

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14
Q

Threats

What is Phishing?

B4-53

A

Sending a phony email to try to lure people to phony websites where they are asked for info that will allow the phisher to impersonate the user

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15
Q

Risk Assessment

What is a Risk?

B4-53

A

the possibility of harm or loss

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16
Q

Risk Assessment

What is a Threat?

B4-53

A

Any eventuality that represents a danger to an asset

17
Q

Risk Assessment

What is a Vulnerability?

B4-53

A

A characteristic of a design susceptible to a threat

18
Q

Risk Assessment

What is a Safeguard and Controls?

B4-53

A

Policies and Procedures that minimize vulnerabilities