Question

Discuss in detail why the government and businesses have decided to take the Risk management approach when it comes to Information Security.

Answer 1

Without risk management government or business can't achieve their goals. Risk management is evaluation of financial risks associated with the goal accomplishment.

Information security may face security problems at any time. That's why risk management helps in identifying, analyzing, evaluating , treating and monitoring the problems that may occur in future.

In this modern world, government and businesses have transformed the old era to new generation technologies with the help of modern equipments and high level technologies such as working on clouds, robotics etc. But we know that higher the technology higher the risk association. To overcome future problems , goverment and business industries decided to follow risk management approach so that coming problems have better plans with do's and don't . This saves lots of money from damage. This is not only about money, this approach has provided employement in market.

Conclusion:- risk management overcomes the future damage that may occur in  organisation.

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