Security Risk Management – Back to the Basics!
According to the Australian Government, adopting a risk based approach allows agencies to prioritise activities based upon the likelihood and consequence of a risk being realised.
Security leaders need to ensure their approach to security risk management identifies:
- Specific risks to their people, information and assets
- The organisation’s level of risk tolerance
- Appropriate protections to reduce or remove risks
- Untreatable residual risks
Additional information is available on the Australian Government website - https://www.protectivesecurity.gov.au/governance/security-risk-management