Announcements
Voting is now open!
Members, make your selections in the annual (ISC)² Board of Directors election. Vote Now! Voting is open until Sept. 22.
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
wentzwu
Newcomer III

RISK Concept in CISSP

It's common for friends to tell me how they feel frustrated when they are studying the concept of risk on the CISSP journey. The following is my two cents and I hope it helps.

 

Risk is the effect of uncertainty on objectives.
Source: ISO 31000

 

  1. Risk = Uncertainty + Objectives + Effect
  2. Threat = Uncertainty + Objectives + Negative Effect = Negative Risk
    • Uncertainty = Threat Source + Threat Event + Vulnerability
    • Objectives = CIA
    • Negative Effect = Impacts
  3. Threat = (Threat Source + Threat Event + Vulnerability) + CIA + Impacts
  4. Risk Exposure = Uncertainty * Effect
  5. Threat Exposure = Uncertainty * Impacts
  6. Exposure is short for Risk Exposure or Threat Exposure

 

https://wentzwu.com/2019/10/15/wentzs-information-risk-model-v1-1/

Wentz’s Information Risk ModelWentz’s Information Risk Model

InformationSecurityDefinition.jpgThe Peacock.jpg


Best regards,
Wentz Wu, CISSP-ISSMP,ISSEP,ISSAP/CCSP/CSSLP
https://WentzWu.com
3 Replies
rslade
Influencer II

Re: RISK Concept in CISSP

Hmmmm.

 

I like these better:

 

 

Risk-threat-vulnerability-and-asset-relationship-II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

risk-analysis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

They lay out the relationships between the various terms.

 

But the best one is from the introduction to the Common Criteria:

 

 

image002

 


............

Other posts: https://community.isc2.org/t5/forums/recentpostspage/user-id/1324864413

This message may or may not be governed by the terms of
http://www.noticebored.com/html/cisspforumfaq.html#Friday or
https://blogs.securiteam.com/index.php/archives/1468
wentzwu
Newcomer III

Re: RISK Concept in CISSP

Thanks for sharing.

Would you pls advise the source for further study?

TKS!!


Best regards,
Wentz Wu, CISSP-ISSMP,ISSEP,ISSAP/CCSP/CSSLP
https://WentzWu.com
wentzwu
Newcomer III

WENTZ’S RISK MODEL

Wentz’s Risk Model incorporates the Peacock Model, the Onion Model, the Ring Model, and the Concept of Neutral Risk.

 

The Concept of Neutral Risk, based on the risk definition of ISO 31000, introduces the business mindset of seizing opportunities and avoiding threats to highlight that information security is not only a business enabler but also a business driver.

 

The Peacock Model is a notion of information systems that extends the definition defined by 44 U.S.C, Sec 3502. The Onion Model denotes the concept of layered defense or defense in depth.

 

The Ring Model is derived from the NIST Generic Risk Model to specify risk in the context of information security.

 

https://wentzwu.com/2019/10/30/wentzs-risk-model/

 

WENTZ’S RISK MODELWENTZ’S RISK MODEL


Best regards,
Wentz Wu, CISSP-ISSMP,ISSEP,ISSAP/CCSP/CSSLP
https://WentzWu.com