Overview

Class Central Tips

Risk management is a crucial aspect of cybersecurity, vital for protecting an organization's digital assets and ensuring operational continuity. This course delves into the core components of risk, including assets, vulnerabilities, and threats, providing a solid foundation for understanding the complex landscape of cybersecurity risks. Through detailed discussions and case studies, you will explore various types of risks and threats, learning to identify and categorize them effectively. As the course progresses, you will be introduced to strategies for managing risks, including mitigation, transference, avoidance, and acceptance. Each strategy is examined in depth, with practical examples illustrating their application in real-world scenarios. You will also gain insights into selecting appropriate risk controls, ensuring your organization is well-prepared to handle potential threats. The course includes an in-depth analysis of notable incidents like the Amazon Web Services outage and the Equifax data breach, highlighting critical lessons in risk management. The final sections of the course focus on real-world applications, featuring interviews with industry professionals from various sectors. These insights provide a unique perspective on implementing risk management strategies in different environments, from government and healthcare to commercial enterprises. By the end of the course, you will have a comprehensive understanding of risk management and be equipped with the tools to enhance your organization's cybersecurity posture. This course is designed for cybersecurity and IT managers looking to enhance their risk management skills. A basic understanding of cybersecurity principles and IT infrastructure is recommended but not required.

Syllabus

Introduction

In this module, we will introduce you to the fundamental concepts of risk management and outline the structure of the course. This initial video will set the stage for the detailed topics we will cover, ensuring you understand the importance of risk management in cybersecurity and IT contexts.

What is Risk?

In this module, we will explore the foundational elements of risk, including assets, vulnerabilities, and threats. You will learn to distinguish between different types of risks and threats that businesses and IT networks face and understand the consequences of poor risk management by examining real-world failures such as the 2017 Amazon Web Services outage.

What Can You Do With Risk?

In this module, we will delve into the four primary strategies for managing risk: mitigation, transference, avoidance, and acceptance. Each video will provide a thorough examination of these strategies, and you will learn how to select and apply appropriate risk controls in different contexts to protect your organization.

Calculating Risk

In this module, we will focus on the methods for calculating risk, covering both qualitative and quantitative approaches. You will gain insights into how these methods are used in practice and evaluate the Equifax data breach case study to understand the critical role of effective risk management in preventing major security incidents.

Risk Management in the Real World

In this module, we will bring you practical insights into risk management as it is applied in various industries. Through interviews with professionals in government, defense, commercial, and healthcare sectors, you will learn how different organizations handle risk management challenges and what best practices you can adopt in your own work.

Conclusion

In this module, we will provide a summary and conclusion of the course, highlighting the key points and lessons learned. You will also receive a special offer for further learning opportunities to continue enhancing your risk management skills.