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Risk Assessment Table IT

Akshat Singhal avatar
Written by Akshat Singhal
Updated over 2 weeks ago

Document History

Version

Date

Author

Description of Change

1.0

10/10/2023

CISO

Initial Release

2.0

10/10/2024

CISO

Second Release

Approvers List

Name

Role

Approver/Reviewer

Date

Technical head

TOP MANAGEMENT

10/10/2023

Technical head

TOP MANAGEMENT

10/10/2024

Risk Identification

Risk Analysis

Risk Mitigation Planning

Risk Tracking

Risk Id

Date Identified

Risk Submitter

Risk (description)

Category

Risk Type

Risk Owner

Probability

Prob Value

Impact

Impact Value

Risk Rating

Risk

Priority

Risk Response Type

Corrective Actions/Preventive Actions (Mitigation)

Probability

Prob Value

Impact

Impact Value

Risk Rating

Residual Risk

ITD_01

10/10/2023

ISG

Risk Assessment Table

not updated.

Organizational

Opportunity

ITD

Likely

0.5

Very Serious

0.4

0.2

Moderate

Very High

Mitigate/Control

Risk Register is to be updated by ITD

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_02

10/10/2023

ISG

List not update of IT assets (Desktop, laptops, servers, networking devices, computer components etc.)

Organizational

Threat

ITD

Highly Likely

0.7

Serious

0.2

0.14

Moderate

Medium

Mitigate/Control

ITD team have implement IT asset tracker tool.

Likely

0.5

Significant

0.1

0.05

Minimal

ITD_03

10/10/2023

ISG

Licenses (Windows, Adobe, and other softwares)

Organizational

Threat

ITD

Low Likelihood

0.3

Very Serious

0.4

0.12

Moderate

Very High

Mitigate/Control

ITD have maintained the list of softwares, operating systems, applications etc.

Low Likelihood

0.3

Serious

0.2

0.06

Minimal

ITD_04

10/10/2023

ISG

Backup data loss

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

High

Mitigate/Control

Backup Policy Is there.

Not Likely

0.1

Serious

0.2

0.02

Minimal

ITD_06

10/10/2023

ISG

Unavailability of the services (server)

Organizational

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

High

Mitigate/Control

Code, Database and configuration backup is taken on weekly basis of all the servers in Cloud server

Not Likely

0.1

Serious

0.2

0.02

Minimal

ITD_07

10/10/2023

ISG

System Updates (Antivirus, system updates)

Technical

Threat

ITD

Likely

0.5

Serious

0.2

0.1

Moderate

Medium

Mitigate/Control

Centralized Antivirus is in place and server checks virus definition are done through it.

Low Likelihood

0.3

Significant

0.1

0.03

Minimal

ITD_08

10/10/2023

ISG

Vulnerability scan

Technical

Threat

ITD

Likely

0.5

Serious

0.2

0.1

Moderate

High

Mitigate/Control

Performed yearly scheduled VAPT and Patching for all the server

Not Likely

0.1

Serious

0.2

0.02

Minimal

ITD_09

10/10/2023

ISG

Admin Access to employees

Organizational

Threat

ITD

Highly Likely

0.7

Serious

0.2

0.14

Moderate

Medium

Mitigate/Control

Access Control Policy is in place, only Authorize User have the Admin access and IT team checks randomly systems

Low Likelihood

0.3

Marginal

0.05

0.015

Minimal

ITD_10

10/10/2023

ISG

Malware attack on system(s)

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Medium

Mitigate/Control

Antivirus, Removable Media blocked and Patch is in place

Likely

0.5

Serious

0.2

0.1

Moderate

ITD_11

10/10/2023

ISG

Virus attack on system(s)

Technical

Threat

ITD

Highly Likely

0.7

Serious

0.2

0.14

Moderate

High

Mitigate/Control

Firewall, Antivirus, Removable Media blocked and Patch is in place

Low Likelihood

0.3

Marginal

0.05

0.015

Minimal

ITD_12

10/10/2023

ISG

Incorrect data processing by employees

Technical

Threat

ITD

Low Likelihood

0.3

Serious

0.2

0.06

Minimal

High

Mitigate/Control

Removable media blocked, Firewall in place to block unwanted sites

Likely

0.5

Marginal

0.05

0.025

Minimal

ITD_13

10/10/2023

ISG

Leased lines not working

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Transfer

Multiple ISP and Load balancing firewall is in place to avoid any downtime

Low Likelihood

0.3

Marginal

0.05

0.015

Minimal

ITD_14

10/10/2023

ISG

Wi-Fi not working

Technical

Threat

ITD

Likely

0.5

Serious

0.2

0.1

Moderate

High

Mitigate/Control

Multiple wifi is in Place as a backup

Likely

0.5

Serious

0.2

0.1

Moderate

ITD_15

10/10/2023

ISG

Biometric machines not working

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

High

Mitigate/Control

Weekly backup for biometric server and machines and

one biometric machine is in place as a backup

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_16

10/10/2023

ISG

Hacking activity

Technical

Threat

ITD

Highly Likely

0.7

Catastrophic

0.8

0.56

Severe

Very High

Mitigate/Control

VAPT, Firewall, Antivirus, Removable Media

blocked and Patch is in place

Not Likely

0.1

Marginal

0.05

0.005

Minimal

ITD_17

10/10/2023

ISG

Fraud activity on company devices

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Mitigate/Control

Firewall in place and Removable media blocked

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_18

10/10/2023

ISG

Physical Security breach

Organizational

Threat

ITD

Highly Likely

0.7

Serious

0.2

0.14

Moderate

Medium

Mitigate/Control

Access control policy Is in Place

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_19

10/10/2023

ISG

Theft of company assets and confidential data

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Mitigate/Control

Removable

media blocked, drive locked with bit locker

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_20

10/10/2023

ISG

Natural disaster like flood, fire, cyclone, earth quake

Organizational

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Accept

BCP is implemented and work from home is there

Not Likely

0.1

Very Serious

0.4

0.04

Moderate

ITD_21

10/10/2023

IT/

Not enough hardware

Budget

Threat

ITD

Likely

0.5

Significant

0.1

0.05

Minimal

Medium

Mitigate/Control

Inventory is maintained in advance

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_22

10/10/2023

ISG

Fire due to short circuit

Technical

Threat

Admin

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Mitigate/Control

Fire Extinguisher, Fire Alarm is in place

Low Likelihood

0.3

Very Serious

0.4

0.12

Moderate

ITD_23

10/10/2023

ISG

Technology that is out of the date to the extent that it is difficult to maintain and at risk of failures

Technical

Threat

ITD

Highly Likely

0.7

Serious

0.2

0.14

Moderate

High

Mitigate/Control

Patching and VAPT is performed

Not Likely

0.1

Serious

0.2

0.02

Minimal

ITD_24

10/10/2023

CEO

Use of social media in company

Technical

Threat

ITD

Likely

0.5

Significant

0.1

0.05

Minimal

Medium

Mitigate/Control

Access Control Policy is in place, Firewall is used to blocked the unwanted websites

Likely

0.5

Significant

0.1

0.05

Minimal

ITD_25

10/10/2023

IT

Admin Access to employees

Technical

Threat

ITD

Likely

0.5

Significant

0.1

0.05

Minimal

Medium

Mitigate/Control

We do not provide admin access to employees. Incase

anyone needs it then should be approved from IT head or anyone from top management.

Likely

0.5

Significant

0.1

0.05

Minimal

ITD_26

10/10/2023

IT

USB unblocked

Technical

Threat

ITD

Low Likelihood

0.3

Serious

0.2

0.06

Minimal

Very High

Mitigate/Control

USB Blocked in devices.

Low Likelihood

0.3

Very Serious

0.4

0.12

Moderate

Risk Identification

Risk Analysis

Risk Mitigation Planning

Risk Tracking

Risk Id

Date Identified

Risk Submitter

Risk (description)

Category

Risk Type

Risk Owner

Probability

Prob Value

Impact

Impact Value

Risk Rating

Risk

Priority

Risk Response Type

Corrective Actions/Preventive Actions (Mitigation)

Probability

Prob Value

Impact

Impact Value

Risk Rating

Residual Risk

ITD_27

10/10/2023

IT

Access Management (Misuse of credentials)

Organizational

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Mitigate/Control

Create Access Control Management and Revoke Policy to manage internal and client's credentials.

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_28

10/10/2023

IT

Firewall Crash Down or Powe Failure

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Mitigate/Control

Genset in place for Power down.

Low Likelihood

0.3

Very Serious

0.4

0.12

Moderate

ITD_29

10/10/2023

IT

Wifi Password theft

Technical

Threat

ITD

Highly Likely

0.7

Very Serious

0.4

0.28

Severe

Very High

Mitigate/Control

Wi-Fi passwords are encrypted. Firewall used for blocking

IPs

Not Likely

0.1

Significant

0.1

0.01

Minimal

ITD_30

10/10/2023

IT

Antivirus on Linux

Scope

Exception

ITD

Not Likely

0.1

Significant

0.1

0.01

Minimal

Low

Mitigate/Control

As per standard, there is no need of antivirus in ubutnu systems

Not Likely

0.1

Significant

0.1

0.01

Minimal

orga

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