• Familiarity with key terms and concepts associated with security risk enables security leaders to identify, evaluate, and prioritize security risks. In this course, you'll get familiar with the terminologies, activities, and concepts associated with a security risk management process.
• You'll start by discovering the interdependence between assets, vulnerabilities, threats, and risks. You'll then investigate how to assess risk probability, measure the impact created by it, and the difference between risk appetite and risk tolerance.
• Next, you'll examine the components, benefits, and stages of a risk management process. You'll also identify different methods of treating risk and the importance of implementing controls as a part of a risk-based approach.
• Lastly, you'll recognize the standards for risk management and the advantages of managing and assessing security risk.

• Effective security risk management often begins with proper security risk identification. In this course, you'll examine various components of the risk identification process and different techniques used to identify risk.
• You'll begin by distinguishing between threat and risk. You'll then get familiar with other terminologies and concepts associated with risk identification.
• Moving on, you'll recognize the significance of risk identification in recognizing assets and services that are risk-prone. You'll also investigate different methods used to identify risk and best practices for the risk identification process.
• Later in the course, you'll outline common security-related risks and their impact on different components of an organization. Finally, you'll examine the features of a security risk register, its role in risk management, and how to create one in Microsoft Excel.

• The categorization of security risks is essential for effectively assessing and managing risk. In this course, you'll explore the assessment, classification, and prioritization of security risks.
• You'll begin by outlining the concept of risk assessment and the advantages of different risk assessment techniques. You'll also investigate the features of security assessment methods, such as vulnerability assessment and penetration testing, and discover how to assess security vulnerability.
• Moving on, you'll recognize the significance of risk categorization and how to update a risk register in Microsoft Excel using a four-quadrant risk classification matrix.
• Finally, you'll identify the purpose and process of risk prioritization, and the role of a probability-impact matrix in determining risk levels. You'll then investigate how to use the matrix to prioritize risks on a security risk register.

• Highly effective security leaders recognize that they must prioritize and focus their efforts on managing critical security risks. Therefore, once a security risk is identified, it must be carefully evaluated.
• In this course, you'll identify the activities involved in a risk management process, the importance of risk strategies in the context of work environments, and essential decisions required for managing security risks effectively.
• Moving on, you'll investigate the components of a risk management plan and how to improve a risk management strategy by increasing risk tolerance and risk appetite. You'll also outline the importance of mitigation plans and discover how to create one in Microsoft Word.
• Lastly, you'll recognize the role of risk monitoring and control measures in risk management planning and the factors that shape an organization's approach to making decisions in handling risks.

Final Exam: Evaluating and Planning for Security Risks will test your knowledge and application of the topics presented throughout the Evaluating and Planning for Security Risks track of the Skillsoft Aspire Security Essentials for Decision Makers and Leaders Journey.