Risk Management Archives

Black Swan

Black Swan Definition(s): A term popular in Business Continuity Management (BCM), based upon a book of the same name in which the author defines a black swan as an event

Auditor

Auditor Definition(s): Person with competence to conduct an audit. Source: ASIS, ISO 9001 2000

Audit Trail

Audit Trail Definition(s): A chronological record that reconstructs and examines the sequence of activities surrounding or leading to a specific operation, procedure, or event in a security relevant transaction from

Audit

Audit Definition(s): Formal inspection and verification to check whether a standard or set of guidelines is being followed, records are accurate, or efficiency and effectiveness targets are being met. Scope

Acceptable Risk

Acceptable Risk Definition(s): The level of residual risk that has been determined to be a reasonable level of potential loss/disruption for a specific IT System. Source: NIST 800-16 A level