Risk Management 101 for IT Professionals Essential Concepts - Section Introduction - Understanding Risk

This video tutorial introduces the foundational concepts of risk management, including the definitions of risk and issues, the elements of risk such as assets, threats, and vulnerabilities, and common IT vulnerabilities. It sets the stage for understanding how risk management is used and who uses it, providing a comprehensive overview of the subject.

What is the primary focus of the introductory section of the course?

• Defining risk management strategies

• Laying the foundational groundwork

• Discussing financial risks

• Exploring advanced risk scenarios

Who typically uses risk management?

• Only IT companies

• Only government agencies

• All organizations facing potential risks

• Only financial institutions

Which of the following is NOT an element of risk discussed in the video?

• Vulnerabilities

• Threats

• Opportunities

• Assets

What are the two types of assets mentioned in the video?

• Tangible and intangible

• Physical and digital

• Financial and non-financial

• Current and fixed

Which of the following is a category of threats discussed?

• Natural disasters

• Economic downturns

• Technological failures

• All of the above