{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

TutorialWeek08_Ans - ITC482 Computer Management Security...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ITC482 – Computer Management & Security Tutorial Week 08 - Solutions ITC482 – Computer Management & Security Tutorial Week 08 - Solutions Week 08: Risk Management: Assessing and Controlling Risk Review Questions 1. What is competitive advantage? How has it changed over the years since the IT industry began? Answer: An organization has competitive advantage when it creates a competitive business model, method, or technique that allowed it to provide a product or service that was superior to competitors. Competitive advantage was most common in the early days of IT systems, but now, every organization operates at a similar level of automation so there is no such thing as competitive advantage. 2. What is competitive disadvantage? Why has it emerged as a factor? Answer: Competitive disadvantage is the state of falling behind the competition. Recently, every organization is improving technologies to avoid loss of market share, not to stay ahead of their competitors. 3. What are the four risk control strategies? Answer: Avoidance, Transference, Mitigation, and Acceptance. 4. Describe the strategy of risk avoidance Answer: Risk avoidance attempts to prevent the exploitation of the vulnerability. 5. Describe the strategy of risk transference Answer: Risk transference attempts to shift the risk to other assets, other processes, or other organizations. 6. Describe the strategy of risk mitigation Answer: Risk mitigation attempts to reduce, by means of planning and preparation, the damage caused by the exploitation of vulnerability. 7. Describe the strategy of risk acceptance Answer: Risk acceptance is the choice to do nothing to protect an information asset and to accept the outcome from any resulting exploitation. 8. Describe residual risk.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern