Addressing Vulnerabilities in Risk Assessment Process | Bluewell Inc.

What to Do Next When Detecting Vulnerabilities | Bluewell Inc.

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Question

You are the Risk Official in Bluewell Inc.

You have detected much vulnerability during risk assessment process.

What you should do next?

Answers

Explanations

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A. B. C. D.

D.

Vulnerabilities detected during assessment should be first evaluated for threat, impact and cost of mitigation.

It should be evaluated and prioritized on the basis whether they impose credible threat or not.

Incorrect Answers: A, C: These are the further steps that are taken after evaluating vulnerabilities.

So, these are not immediate action after detecting vulnerabilities.

B: If detected vulnerabilities impose no/negligible threat on an enterprise then it is not cost effective to address it as risk.

As a Risk Official in Bluewell Inc., detecting vulnerabilities during the risk assessment process is a critical task. The next steps should be taken to address the identified vulnerabilities effectively.

Option A: Prioritize vulnerabilities for remediation solely based on impact. This option focuses on addressing the vulnerabilities solely based on their impact, without considering the likelihood of the threat exploiting the vulnerabilities. This approach is not advisable because the likelihood of the threat exploiting the vulnerabilities is a crucial factor in determining the priority of remediation.

Option B: Handle vulnerabilities as a risk, even though there is no threat. This option suggests treating vulnerabilities as a risk, even when there is no identified threat. This approach is appropriate because treating vulnerabilities as a risk enables an organization to take preventive measures and implement necessary controls to reduce the risk of exploitation.

Option C: Analyze the effectiveness of control on the vulnerabilities' basis. This option suggests analyzing the effectiveness of the control measures implemented to mitigate the identified vulnerabilities. This approach is essential because it helps evaluate whether the controls in place are adequate in reducing the risks posed by the vulnerabilities.

Option D: Evaluate vulnerabilities for threat, impact, and cost of mitigation. This option suggests evaluating vulnerabilities based on the likelihood of the threat exploiting the vulnerabilities, the impact of the exploitation, and the cost of mitigation. This approach is the most comprehensive and recommended as it considers all the essential factors that determine the priority of remediation.

In conclusion, the most appropriate option for the Risk Official in Bluewell Inc. is Option D. It is essential to evaluate vulnerabilities based on the likelihood of the threat exploiting the vulnerabilities, the impact of the exploitation, and the cost of mitigation. This approach enables the organization to prioritize the vulnerabilities for remediation effectively.