Assume a year has passed and XYZ has improved its security.  Using the following table, calculate the SLE, ARO, and ALE for each threat category listed. YXZ Software Company (Asset Value: $1,200,000 Threat Category Cost per Incident Frequency of Occurrence Cost of Controls Type of Control Programmer mistakes $5,000 1 per month $20,000 Training Loss of intellectual property $75,000 1 per 2 years $15,000 Firewall/IDS Software piracy $500 1 per month $30,000 Firewall/IDS Theft of information (hacker) $2,500 1 per 6 months $15,000 Firewall/IDS Threat of information (employees) $5,00 1 per year $15,000 Physical security Web defacement $500 1 per quarter $10,000 Firewall Theft of equipment $5,000 1 per 2 years $15,000 Physical security Viruses, worms, Trojan horses $1,500 1 per month $15,000 Antivirus Denial-of-service attack $2,500 1 per 6 months $10,000 Firewall Earthquake $250,000 1 per 20 years $5,000 Insurance/backups Flood $50,000 1 per 10 years $10,000 Insurance/backups Fire $100,000 1 per 10 years $10,000 Insurance/backups

Describe the steps of the NIST SP 800-37 Risk Management Framework? How do you select the baseline controls (e.g. NIST 800-53r5 Control Catalog baselines) and what does the security categorization mean (NIST FIPS 199) for an information system? When determining the Security categorization for any system, what do you look at?

In this section, you will prepare a risk mitigation plan using SimpleRisk. Before using SimpleRisk, you will create a paper-based plan. You will need to create three security controls in your risk mitigation plan: one control that reduces the asset value, one that reduces the vulnerability severity, and one that reduces the threat impact. Your security controls should also include examples of both strategic and tactical controls. You can refer to the following table for a clearer picture of the requirements. Security Control Reduces Level (strategic/tactical)   Asset value       Vulnerability severity       Threat Impact     Define three security controls designed to mitigate the risk associated with a recent leak of sensitive information that was stored in cleartext files.   Once you have identified your security controls, use SimpleRisk to create a Risk Mitigation plan. You do not need to perform a management review in this section.