SUBJECT:- IT RISK MANAGEMENT

 Assessment item 1

Assessment Item 1

Value: 10%

Submission method options

Alternative submission method

Task

Specific issues that you need to address in the forum discussions are provided within the first 3 topics.

These questions are posed for you to reflect on in the form of written Discussion Board (forum) posts.

As this is a postgraduate course, it is expected that your written responses will provide you an opportunity to express your personal and professional views. There are no correct answers, however the way you justify your answers with validated evidence is key to this activity.

Post your forum entries as you are prompted within the topics. Your Subject Co-ordinator will respond to your first forum post, and monitor and moderate as required the remaining 2 posts.

You must curate, collect and save your responses in a word document to be submitted on Turnitin. This activity’s final mark will be provided prior to the final assessment item.
 

Rationale

As this is a graduate course, more is expected from students in the way of participation, and further as a graduate reading course, the opinions of students are actively sought to demonstrate that the reading material has been read, understood and provoked a response. The readings on a given topic will in general not agree on all issues in the topic, such as the role and feasibility of cyber-insurance, and soliciting written responses from students gives an opportunity for expressing opinions from the professional experience of each student. This assignment is for students to meet parts of the following learning outcomes.

• be able to critically analyse the various approaches for mitigating security risk, including when to use insurance to transfer IT risk;
• be able to critically evaluate IT security risks in terms of vulnerabilities targeted by hackers and the benefits of using intrusion detection systems, firewalls and vulnerability scanners to reduce risk.
   

Marking criteria

The written responses for each topic will be reviewed and assessed by the Subject Coordinator.

Students will be evaluated on:

• Regular participation in forum activities
• Understanding of the topic
• Use of supporting evidence
• Written expression
• Constructive engagement in conversations to build learning community

Criteria	HD	DI	CR	PS	FL
Participation, understanding, evidence, writing, engagement	Contributed to many forum discussion in a meaningful way. Posts demonstrate a deep understanding of the content, well supported by evidence. Posts are clear and well written, leading discussions.	Frequent participation in forum discussions, demonstrating a good understanding of the content, supported by evidence. Posts have few errors and promote discussion.	Regular participation, demonstrating sound understanding of the content. Some comments lack detail and/or depth, and may contain minor errors.	Regular participation, demonstrating understanding of the content. May contain significant errors.	No regular participation or contribution to the learning community, no demonstration that the content has been understood.

 

Presentation

Forum posts will be delivered through the respective tools on the Interact site for the course.

 

Assessment Item 2

Value: 25%

Due date: 28-Aug-2017

Return date: 18-Sep-2017

Length: 2500 Words

Submission method options

Alternative submission method

Task

Examine the following case study: 
https://www.cpdp.vic.gov.au/images/content/pdf/data_security/20160628%20VPDSF%20Framework%20June%202016%20v1.0.pdf

1. Use a diagram (produced by the means of using Rationale, Visio or any other relevant software application of your choice) to illustrate current security risks and concerns considered by the VIC government.
2. Provide detailed explanation of the diagram and identify the areas of: high, medium, medium-low, and low risk exposure.
3. Carry out comparative analysis of the Deliberate and Accidental Threats and rank those threats in order of importance. Justify your rankings not only on the basis of the case study but also by the means of doing further research and drawing upon other relevant case studies (e.g. Security guidelines for other private and public organizations) that you can identify.
4. While drawing upon theories, tools and patterns covered in the subject as well as your own research, explain the challenges that the VIC government is going to face while deciding on whether security/risk management should be carried out internally or externally (e.g. via outsourcing).
5. Explain the difference between the concepts of ‘’Risk’’ and ‘’Uncertainty’’ (make sure that your discussion is linked to the case considered).
6. Discuss and evaluate (with examples) different approaches available to the VIC government for risk control and mitigation.

Rationale

This assignment is for students to meet the following learning outcomes.

• be able to critically analyse the various approaches for mitigating security risk, including when to use insurance to transfer IT risk;
• be able to critically evaluate IT security risks in terms of vulnerabilities targeted by hackers and the benefits of using intrusion detection systems, firewalls and vulnerability scanners to reduce risk.

Marking criteria

Criteria	HD	DI	CR	PS	FL
Question 1 – Correctness, explanation, figures, grammar	Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake.	Answer is correct and a detailed explanation is provided. References are used. No/only a few grammatical or spelling mistakes.	The answer is correct, but the explanation is not complete. Very few references are used and not formatted appropriately.	The answer is correct but not complete and only adequate explanation is provided. No references are used. There are grammatical errors and spelling mistakes.	The answer is not fully correct and not complete and not adequate explanation is provided. No references are used. There are many grammatical errors and spelling mistakes.
Question 2 – Correctness, explanation, figures, grammar	Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake.	Answer is correct and a detailed explanation is provided. References are used. No/only a few grammatical or spelling mistakes.	The answer is correct, but the explanation is not complete. Very few references are used and not formatted appropriately.	The answer is correct but not complete and only adequate explanation is provided. No references are used. There are grammatical errors and spelling mistakes.	The answer is not fully correct and not complete and not adequate explanation is provided. No references are used. There are many grammatical errors and spelling mistakes.
Question 3 – Correctness, explanation, figures, grammar	Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake.	Answer is correct and a detailed explanation is provided. References are used. No/only a few grammatical or spelling mistakes.	The answer is correct, but the explanation is not complete. Very few references are used and not formatted appropriately.	The answer is correct but not complete and only adequate explanation is provided. No references are used. There are grammatical errors and spelling mistakes.	The answer is not fully correct and not complete and not adequate explanation is provided. No references are used. There are many grammatical errors and spelling mistakes.
Question 4 – Correctness, explanation, figures, grammar	Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake.	Answer is correct and a detailed explanation is provided. References are used. No/only a few grammatical or spelling mistakes.	The answer is correct, but the explanation is not complete. Very few references are used and not formatted appropriately.	The answer is correct but not complete and only adequate explanation is provided. No references are used. There are grammatical errors and spelling mistakes.	The answer is not fully correct and not complete and not adequate explanation is provided. No references are used. There are many grammatical errors and spelling mistakes.
Question 5 – Correctness, explanation, figures, grammar	Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake.	Answer is correct and a detailed explanation is provided. References are used. No/only a few grammatical or spelling mistakes.	The answer is correct, but the explanation is not complete. Very few references are used and not formatted appropriately.	The answer is correct but not complete and only adequate explanation is provided. No references are used. There are grammatical errors and spelling mistakes.	The answer is not fully correct and not complete and not adequate explanation is provided. No references are used. There are many grammatical errors and spelling mistakes.
Question 6 – Correctness, explanation, figures, grammar	Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake.	Answer is correct and a detailed explanation is provided. References are used. No/only a few grammatical or spelling mistakes.	The answer is correct, but the explanation is not complete. Very few references are used and not formatted appropriately.	The answer is correct but not complete and only adequate explanation is provided. No references are used. There are grammatical errors and spelling mistakes.	The answer is not fully correct and not complete and not adequate explanation is provided. No references are used. There are many grammatical errors and spelling mistakes.

Presentation

Note: Marks will be deducted for poor spelling and grammar or incorrect referencing style:
Incorrect or poor spelling and grammar (up to -5 marks)

Incorrect use of APA referencing style (up to -5 marks)

 

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