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This guide is technology agnostic and references many industry accepted
standards for managing security risk. It is an important example of Microsoft's
commitment to delivering quality guidance to help customers secure their
Information Technology (IT) infrastructures. This guide incorporates real-world
experiences from Microsoft IT and also includes input from Microsoft customers
and partners.
This guide comprises six chapters and four appendices.
Chapter 1 - Introduction to the
Security Risk Management Guide
Chapter 1 introduces The Security Risk Management Guide (SRMG) and provides a
brief overview of subsequent chapters. It also provides information about the
following:
- Keys to succeeding with a security risk management program
- Key terms and definitions
- Style conventions in the papers
- References for further information
Chapter 2 - Survey of Security Risk
Management Practices
Chapter 2 lays a foundation and provides context for the SRMG by reviewing
other approaches to security risk management and related considerations,
including how to determine your organization's risk management maturity level.
Chapter 3 - Security Risk Management
Overview
Chapter 3 provides a more detailed look at the four phases of the SRMG
process while introducing some of its important concepts and keys to success.
The chapter also offers advice on preparing for the program by planning
effectively and placing strong emphasis on building a solid Security Risk
Management Team that has well defined roles and responsibilities.
Chapter 4 - Assessing Risk
Chapter 4 addresses the first phase, Assessing Risk, in detail. Steps in this
phase include planning, data gathering, and risk prioritization. Risk
prioritization itself is comprised of summary and detailed levels, balancing
qualitative and quantitative approaches in order to provide reliable risk
information within reasonable trade-offs of time and effort. The output from the
Assessing Risk phase is a list of significant risks with detailed analysis that
the team can use to make business decisions during the next phase of the
process.
Chapter 5 - Conducting Decision
Support
Chapter 5 addresses the second phase, Conducting Decision Support. During
this phase, teams determine how to address the key risks in the most effective
and cost efficient manners. Teams identify controls; estimate costs; assess the
degree of risk reduction; and then determine which controls to implement. The
output of the Conducting Decision Support phase is a clear and actionable plan
to control or accept each of the top risks identified in the Assessing Risk
phase.
Chapter 6 - Implementing Controls and
Measuring Program Effectiveness
Chapter 6 addresses the final two phases of the SRMG: Implementing Controls
and Measuring Program Effectiveness. During the Implementing Controls phase, the
Mitigation Owners create and execute plans based on the list of control
solutions that emerged during the decision support process.
When the first three phases of the security risk management process are
complete, organizations should estimate their progress with regard to security
risk management as a whole. The final phase, Measuring Program Effectiveness,
introduces the concept of a "Security Risk Scorecard" to assist in this effort.
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