Well-developed risk scenarios providing a realistic and practical view of risk that may prevent an enterprise from achieving its business objectives are especially valuable in today’s fast-moving and often volatile business landscape. ISACA has developed a new Risk Scenarios Starter Pack and a concise online course that will help break down each aspect of a risk scenario.
The Risk Scenarios Starter Pack includes 10 sample risk scenarios that practitioners can use and tailor to their specific enterprises. Risk scenarios help improve communication about risk management by constructing a narrative that inspires individuals to take action. The use of risk scenarios helps the risk team to understand and explain risk to the business process owners and other stakeholders.
The 10 scenarios included in the Risk Scenarios Starter Pack are:
- IT Services Change Management
- Inability to Recruit or Retain IT Staff
- Inadequate Patch/Vulnerability Management
- Security Configuration Intentionally Modified
- Vendor Support Ends
- Phishing Attack
- Third-party Suppliers
- Failure to Implement Regulatory Changes
- Failure to Appreciate Value of Emerging Technologies
- Unauthorized Access of Information
With the online companion course, How to Build a Risk Scenario, practitioners will be able to define an IT risk scenario, describe the benefits of using an IT risk scenario, summarize the structure of an IT risk scenario, explain the key points for developing an IT risk scenario, describe the importance of the risk scenario technique, and more. Course participants will receive 1 continuing professional education (CPE) credit.
“Using risk scenarios to overcome the challenge of identifying important and relevant risk brings realism, insight, organizational engagement, improved analysis and structure to the complex matter of IT risk,” says Paul Phillips, ISACA Director of Event Content Development and Risk Professional Practice Lead. “Organizations will benefit from tailoring ISACA’s new risk scenario materials to their specific contexts.”
The How to Build a Risk Scenario course is US$49 for ISACA members US$79 for nonmembers.
The Risk Scenarios Starter Pack is free for ISACA members and is available at https://store.isaca.org/s/#/store/browse/detail/a2S4w000005GFBmEAO.
ISACA also offers additional risk resources at https://www.isaca.org/resources/it-risk.