π₯ Understanding Risk Management Frameworks in IT <br /><br />In this video, we dive deep into risk management and information security frameworks. From analyzing risks to managing vulnerabilities, here's everything you need to know: <br /><br />π‘οΈ Key Topics Covered: <br />1οΈβ£ Risk Management Basics: Threats, vulnerabilities, probabilities, and impacts. <br />2οΈβ£ Risk Analysis: Qualitative vs. quantitative risk assessments. <br />3οΈβ£Frameworks Overview: <br />ISO 27000 series <br />NIST standards <br />COBIT and ITIL frameworks <br />4οΈβ£ Risk Response Methods: Control measures, residual risks, and mitigation strategies. <br />5οΈβ£ Cost-Effectiveness in Risk Management: Understanding annual loss expectancy (ALE) and calculating ROI for security investments. <br />6οΈβ£ Internal vs External Threats: How to reduce vulnerabilities and defend against environmental and human risks. <br />7οΈβ£ Human Safety in IT Systems: Why life and safety take priority over equipment. <br /><br />π‘ Learn How To: <br />Assess risks and rank them effectively. <br />Justify budgets for security tools. <br />Understand the importance of resilience in IT systems. <br />Apply real-world examples to reduce vulnerabilities and maintain system integrity. <br /><br />π Additional Resources: <br />ISO/IEC 27001 Standards: [Learn More](https://www.iso.org/isoiec-27001-info...) <br />NIST Risk Management Framework: [Learn More](https://www.nist.gov/rmf) <br /><br />π Subscribe for more insights on IT security, risk management, and frameworks! <br />π Like, share, and comment if this video helped you! <br /><br /><br /><br />00:00 - introduction <br />03:29 - Risk Management Concepts <br />05:27 - Security and Audit Frameworks and Methodologies <br />06:03 - NIST Risk Assessment Process <br />07:55 - COSO (The Committee of Sponsoring Organizations. of the Treadway Commission) <br />08:24 - ITIL (Information Technology infrastructure Library) <br />09:20 - ISO27002 V2013 VS. V2022 <br />11:50 - Qualitative Risk Assessment <br />13:22 - Quantitative Risk Analysis <br />18:47 - Vulnerabilities <br />19:30 - Threat Sources <br />20:44 - Likelihood Determination <br />21:11 - Determination of Impact <br /><br />π± WhatsApp: https://whatsapp.591lab.com/pingus <br />π Skype: https://split.to/591skype <br />β Telegram: https://t.me/Lab591 <br />π§ Email: marketing@591lab.com <br />------------------------------------------ <br />CCIE Lab Consultants <br />π± WhatsApp: https://whatsapp.591lab.com/IELAB <br />π Skype: https://tny.sh/IESkype <br />β Telegram: https://t.me/henryHK1 <br />π§ Email: HenryWu@591lab.com