On successful completion of this subject, you should be able to justify the goals and various key terms used in risk management and assess IT risk in business terms; be able to apply both quantitative and qualitative risk management approaches and to compare and contrast the advantages of each approach; 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.

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