IT Risk Fundamentals

Length 2 days
Inclusions Exam voucher

Course overview

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Why study this course

Every enterprise experiences risk. Risk is the result of uncertainties that an enterprise is exposed to that threatens its ability to achieve its business goals and objectives.

ISACA’s IT Risk Fundamentals Certificate ensures that employees within your organisation have the foundational knowledge and understanding of both risk* and I&T related risk** to ensure any threats to achieving business goals and objectives are mitigated through risk management, risk identification, risk assessment and analysis, and risk response.

The certificate provides valuable foundational knowledge on terminology, concepts, and processes that will empower professionals within your organisation to better communicate with risk or IT Risk professionals or provide a foundation for those who are interested in working as a risk or IT Risk professional.

Certificate candidates will explore basic terminology, concepts, general practices, and explanations of risk and I&T-related risk.

*Risk is the combination of the likelihood of an event and its impact. Risk is most often associated with uncertainties and deviations from expected results that can have an adverse impact to an enterprise and threaten its ability to meet its business objectives.

**I&T-related risk is a part of overall business risk and is associated with the use, ownership, operation, involvement, influence, and adoption of I&T within an enterprise. Most enterprises are highly dependent on their IT systems. The more an enterprise relies on its IT systems, the more serious the potential consequences of an I&T-related failure. An IT system failure can have a great impact on the business supported by the IT system.

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What you’ll learn

After completing this course, participants will have the knowledge to:

Explain the basic terms and concepts of Risk Management as it applies to I&T risk
Describe the purpose, objectives, and importance of risk governance and risk management
Summarise the risk management process and workflow
Describe the relationship between assets, risk factors, threats, and vulnerabilities
Describe the use and benefits of risk scenarios
Explain the process and methods used to complete risk identification
Describe elements and steps necessary to complete risk assessment and analysis
Detail the risk response process and options available
Outline the importance of an ongoing risk monitoring process and a proactive and continuous approach to risk management

ISACA at Lumify Work

ISACA provides practical guidance, benchmarks and other effective tools for all enterprises that use information systems. Through its comprehensive guidance and services, ISACA defines the roles of information systems governance, security, audit and assurance professionals worldwide.

Lumify Work is an Accredited Elite Partner of ISACA.

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Who is the course for?

This certificate is helpful for professionals who are seeking to start a career in risk or I&T-related risk. The credential is ideal for professionals who wish to learn about risk and information and technology (I&T)-related risk, who currently interact with risk professionals, or are new to risk and interested in working as a risk or IT Risk profession.

Course subjects

Domain 1: Risk Introduction and Overview

Risk Terminology Review
Business Risk
I&T Related Risk
Controls

Domain 2: Risk Governance and Management

Risk Governance
Risk Management
Positioning Risk
Risk Stakeholders, Roles, and Structures
Risk Communication, Policy, Scope, and Workflow

Domain 3: Risk Identification

Asset Identification
Threats
Vulnerabilities
I&T-related Risk Areas
Risk Scenarios

Domain 4: Risk Assessment and Analysis

Risk Assessment Process
Risk Scenario Evaluation
Risk Analysis Process, Approaches, and Methods
Risk Ranking, Prioritisation, and Aggregation
Risk Documentation
Sample Risk Register
Control Assessment

Domain 5: Risk Response

Risk Response Process and Strategies
Control Design and Implementation
Incident Management
Business Continuity and Disaster Recovery
Residual Risk
Process Development and Improvement
Risk Response Selection, Prioritisation, and Communication

Domain 6: Risk Monitoring, Reporting, and Communication

Risk Monitoring Process
Key Risk Indicators
Key Performance Indicators
Risk and Control Monitoring and Testing
Risk Reporting and Communication

Prerequisites

There are no prerequisites for taking this course or the exam.

Industry Association Recognition

This course is eligible for Continuing Professional Education (CPE) hours/points to assist in maintaining your ISACA certification.

Contact hours: 14 hours
Continuing Professional Education: 14 CPEs

If you wish to claim CPEs, Lumify Work can verify your attendance. Please complete this ISACA form and email us at [email protected].

Terms & Conditions

The supply of this course by Lumify Work is governed by the booking terms and conditions. Please read the terms and conditions carefully before enrolling in this course, as enrolment in the course is conditional on acceptance of these terms and conditions.