Gamified Intelligent Cyber Aptitude and Skills Training (GICAST)
Gamified Intelligent Cyber Aptitude and Skills Training (GICAST)

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Free course

Gamified Intelligent Cyber Aptitude and Skills Training (GICAST)

2.2 Risk management in practice

This section is part of the amber and green pathways.

Having analysed the situation, the next stage is to decide what to do about the risks.

For each risk to be managed, we need to identify what cost-effective countermeasures can be applied. Possible countermeasures are:

  • Avoiding the risk – avoidance would mean stopping the activity that is causing the risk. For example, deleting all banking information and unsubscribing from internet banking would avoid the risks associated with the information assets related to banking.
  • Modifying the risk (likelihood and/or impact) – this involves choosing and implementing a security mechanism that reduces the likelihood of a successful attack, or the impact that would result from such an attack. For example, installing an up to date antivirus application can prevent the attacker from using malware to gain access to the computer holding the internet banking information.
  • Transferring the risk to others – typically involves taking out insurance to cover any losses in the event the threat materialises.
  • Accepting the risk – would mean choosing not to implement any of these countermeasures, choosing instead to monitor the information asset for any attacks.

Consider risks identified in the qualitative risk analysis. Choose one of your information assets and decide on which countermeasures you would apply in this case.

CYBER_B2

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371