BACKGROUND
What does Cyber Risk stands for?
It means any possibility or threat that may materialize, inflict a financial loss, sensitive data lose, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems and its supplied services.
Risk are defined for many years under the methodology of 'CIA triad'. The CIA stands for Confidentiality, Integrity, and Availability model has been the pillar of the IT security doctrine for many years and has been updated lately just before COVID pandemic. Now in the new update there are two new risk entities A&N that have been added to create the full CIAAN model, their initials (A) Authentication and (N) Non-Repudiation were added to the model.
EXPLICATION
It's a new benchmark methodology that has developed into an actual doctrine that goes hand in hand with the old method but with a unique twist of new cyber professionals wave that follows now the CIAAN, known as the 'pentagon of risk. that is, the existing triangle of Confidentiality, Integrity, and Availability, was added Authenticity and Non-repudiation, which means that the risk is viewed from new and wide perspectives than before, it gives the ability to refer to an attack that happened or may be carried out, distinguish between On-prem and Cloud vulnerabilities, Data breach, etc.
That's why professionals now adopting the discussion of building up CIAAN vectors of system vulnerability creating a new method of risk mapping.
Off course, by analyzing according to this method, it allows to produce reduction mechanisms or create a governance decision on one or more compensatory control and/or determines the residual risk of an asset or a vulnerability finding.
CIA triad |