Word of the Day: risk map

Word of the Day Daily updates on the latest technology terms |March 19, 2018

risk map A risk map, also known as a risk heat map, is a data visualization tool for communicating specific risks an organization faces. A risk map helps companies identify and prioritize the risks associated with their business. The goal of a risk map is to improve an organization's understanding of its risk profile and appetite, clarify thinking on the nature and impact of risks, and improve the organization's risk assessment model. In the enterprise, a risk map is often presented as a two-dimensional matrix. For example, the likelihood a risk will occur may be plotted on the x-axis, while the impact of the same risk is plotted on the y-axis. A risk map is considered a critical component of enterprise risk management because it helps identify risks that need more attention. Identified risks that fall in the high-frequency and high-severity section can then be made a priority by organizations. If the organization is dispersed geographically and certain risks are associated with certain geographical areas, risks might be illustrated with a heat map, using color to illustrate the levels of risk to which individual branch offices are exposed. Read more... Quote of the Day "Risk mapping helps an organization identify the areas where it's going to spend their security budget, how to implement solutions and, most importantly, helps identify specific instances of risk reduction." - Mekhala Roy   Trending Terms data visualization risk profile risk assessment enterprise risk management heat map inherent risk   Learning Center Risk mapping key to security, business integration Natixis' Tom Kartanowicz explains why InfoSec should start talking to the business in the language of risk and the benefits of risk mapping. Risk assessment procedure: How to keep it simple A risk assessment procedure doesn't need to be complicated to be effective -- it only requires the right planning and follow through. Entropy sources: How do NIST rules impact risk assessments? New NIST guidelines highlight the importance of testing entropy sources during a risk assessment. Learn how this benefits the enterprise with Judith Myerson. Freese: Cyber-risk management is the key to good infosec hygiene Don Freese, deputy assistant director of the FBI, talked at the (ISC)2 Congress about the importance of cyber-risk management. Digital risk management strategies for the data-centric business As constantly growing data volumes increase information threats, companies are being forced to reexamine their approach digital risk management. Writing for Business The risk assessment guidelines for school buses addressed traffic conditions _______ small and large vehicles interact at a range of speeds. a. where b. in which Answer   Stay In Touch For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com   Visit the Word of the Day Archives and catch up on what you've missed!   FOLLOW US About This E-Newsletter This e-newsletter is published by the TechTarget network. To unsubscribe from Whatis.com, click here. Please note, this will not affect any other subscriptions you have signed up for. TechTarget, Whatis, 275 Grove Street, Newton, MA 02466. Contact: webmaster@techtarget.com Copyright 2018 TechTarget. All rights reserved.