A business has identified a vulnerability, but has not assessed its likely business impact or assigned an owner to address it. Which strategy component should it strengthen, and what should it consider?
Answer
It should strengthen risk assessment by considering the vulnerability, the threat that could exploit it, and the resulting impact on the organization. Security policies and procedures should also clarify roles and responsibilities for action.
Explanation
### Why this is right
Risk assessment considers threats, vulnerabilities, and associated impacts on the organization. The lack of an assigned owner also points to the need for policies and procedures that outline roles and responsibilities.
### The concept
Finding a weakness is only part of understanding risk. The organization needs to consider what could exploit the weakness and what harm could follow. It then needs clear responsibility and procedures so the risk can be managed rather than merely recorded.
### What a good answer covers
- Risk assessment includes threats, vulnerabilities, and organizational impacts.
- The organization should assess the vulnerability in its business context.
- Policies and procedures should clarify roles and responsibilities.
- The plan should lead to action, not just documentation.
### Terms
- **Risk assessment**: Identification and analysis of threats, vulnerabilities, and possible impacts.
- **Risk owner**: A person or role accountable for addressing or monitoring a risk.
### Remember
A vulnerability becomes actionable when its impact and responsibility are understood.
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