Other benefits of using octave methodologies for risk assessment are listed below. Validating the octave allegro information systems risk assessment methodology. Apr 09, 20 octave allegro is an asset centric and lean risk assessment successor of the octave method. A risk analysis and risk management methodology for mitigating wireless local area networks wlans intrusion security risks by hanifa abdullah submitted in partial fulfillment of the requirements for the degree master of science computer science in the faculty of engineering, built environment and information technology university of pretoria. Introduction to the octave approach august 2003 3 2 what is the octave approach. Risk assessment templates consist of an ideal sort of performa along with the different contents, such as control measures, activities, persons in jeopardy, risk technical assessment template measures, hazards, etc. Threat, asset, and vulnerability evaluation octave allegro risk assessment methodology at a. Octave operationally critical threat, asset, and vulnerability evaluation is a risk based strategic assessment and planning technique for security.
Octave forte and fair connect cyber risk practitioners with. Assessing information security risk using the octave approach. In this research octave methodology has been used following a comparative study of various methodologies due to its flexibility and simplicity. The technique leverages peoples knowledge of their organizations secu.
Microsoft cloud risk assessment shows that ermoctave has. Current established risk assessment methodologies and tools. With the octave risk assessment method, integration of the organizations infosec policies and unique. The threat profile includes network risks, also known as. The framework defines a methodology to help organizations minimize exposure to likely threats, determine the likely consequences of an attack and deal with attacks that succeed. The operationally critical threat, asset, and vulnerability evaluationsm octave approach defines a riskbased strategic assessment and planning. Octave allegro has the ability to provide robust risk assessment results, with a relatively small. Information security risk assessment methods, frameworks. Information systems are essential to most organizations today. The original octave method and related documents were published in 2001, and a streamlined version called the octave allegro method was. The point of having a risk measurement criterion is that at any point in the later stages, prioritization can take place against the reference model. For an organization looking to understand its information security needs, octave is a risk based strategic assessment and planning technique.
A small team of people from the operational or business units and the it department work together to address the security needs of the organization. It is a single source comprehensive approach to risk management. Sep 12, 20 octave is most suited for process specific risk assessment which is based on peoples knowledge. Like octave and octaves, octave allegro is focused on positioning risk assessment in the proper organizational context, but it offers an alternative approach that is specifically aimed at information assets and their resiliency.
Once registered, learners will be granted 24houraday access to the course material for 12 months. Lean risk assessment based on octave allegro compass. It combines the analysis of organizational practices and technological vulnerabilities. Examples of risk assessment methodologies include but are not limited to octave, iso 27005 and nist sp 80030. Octave is a flexible and selfdirected risk assessment methodology. Like octave and octave s, octave allegro is focused on positioning risk assessment in the proper organizational context, but it offers an alternative approach that is specifically aimed at information assets and their resiliency. By focusing on operational risks to information assets, participants learn to view risk assessment in the context of the organizations strategic objectives and risk tolerances. This technical report introduces the next generation of the operationally critical threat, asset, and vulnerability evaluation octave methodology, octave allegro. The method supports a straightforward qualitative risk assessment and structured threat analysis which mainly fits for smaller organisations few hundred employees. How will this criteria be used during the risk assessment process. Octaves phase 1 are derived from work that focused on risk management issues facing managers in a software development organization. Figure 1 is based on 2 and groups the methodology steps into four major phases.
This whitepaper is intended for risk and security professionals by providing an introduction to risk assessment with octave methodologies. Risk assessment can be a very complex task, one that requires multiple. A cross functional analysis team charges an organization thru the three phases of octave o which are defined in the publication managing information security risks. Octave automated tool has been implemented by advanced technology institute ati to help users with the implementation of the octave and octave s approach. Octave is a selfdirected approach, meaning that people from an organization assume responsibility for setting the organizations security strategy. Octave operationally critical threat, asset, and vulnerability evaluation is a security framework for determining risk level and planning defenses against cyber assaults. Octave model is an enterprisewide risk assessment model applicable in assessing it risk exposure in the context of enterprises operational and strategic drivers. Free sample octave risk assessment template excel word pdf doc xls blank tips. Octave is a risk based strategic assessment and planning technique for security. Assessing information security risk using the octave. Octave allegro is a methodology to streamline and optimize the process of assessing information security risks so that an organization can obtain sufficient results with. Octave is selfdirected, meaning that people from an organization assume responsibility for setting the organization s security strategy. Octave is selfdirected, meaning that people from an organization assume responsibility for setting the organizations security strategy.
Together with its predecessors octave and octaves, octave allegro forms a family of octave assessments. The key strength of the octave allegro risk assessment method is the allinclusive consolidation of the threat profiles which provides significant intelligence for threat mitigation for most cases. The operationally critical threat, asset, and vulnerability evaluation octave family of risk assessment methods was designed by the networked systems survivability nss program at carnegie mellon universitys software engineering institute cmusei. What is the purpose of the criteria developed in step 1 of the octave allegro methodology. Introducing octave allegro carnegie mellon university. Octave risk assessment allows organizations to balance the protection of critical information assets against the costs of providing protection and detective controls. The operationally critical threat, asset, and vulnerability evaluationsm octave approach defines a risk based strategic assessment and planning technique for security. Octave operationally critical threat, asset, and vulnerability evaluation sm 30. Erm can drive risk management with a process that spans the lifecycle from identification through closure. The expected result is the risk identification in it of the company. Risk assessment with octave allegro behaviour group.
Assessing information security risk using the octave approach online version will require a minimum of 5 hours of study time. Jun 21, 2018 the sei has recently updated octave to better meet risk management challenges that organizations face. International journal of computer applications technology and. Risk assessments help organizations to identify mission. Moreover, you will have the opportunity to acquire the necessary skills to establish risk measurement criteria, develop information asset profile, identify information asset. Risk management is the process of identifying risk, assessing risk, and taking steps to reduce risk to an acceptable level. Using vulnerability assessment tools to develop an octave risk. The software engineering institute at carnegie mellon university developed octave sm, a risk assessment methodology, as part of the defense health information assurance program dhiap. For an organization looking to understand its information security needs, octave is a risk based strategic assessment and planning technique for security. Keating january 2014 an information system is risk assessment is an important part of any successful security management strategy. Octave does not require focus on all assets which is required in some other methodologies and frameworks, thus it saves a lot of time and helps keep. Risk management guide for information technology systems. To gain a comprehensive understanding of the octave approach, criteria and various methods of implementation, some forms of formal training and practical exposure to implementation are recommended.
This methodology serves to help an organization to. The second step is to develop an information asset profile. Operationally critical threat, asset and vulnerability evaluation octave is a collection of. The tool assists the user during the data collection phase, organizes collected information and finally produces the study reports. Octave is a risk assessment methodology to identify, manage and evaluate information security risks.
An information security risk evaluation is part of an organizations activities for managing information security risks. Octave method of security assessment information technology. Pdf security risk assessment of critical infrastructure. Together with its predecessors octave and octave s, octave allegro forms a family of octave assessments. Operationally critical threat, asset, and vulnerability evaluation.
For organizations required to be compliant with pcidss v2. Apr 22, 2010 the operationally critical threat, asset, and vulnerability evaluation octave family of risk assessment methods was designed by the networked systems survivability nss program at carnegie mellon universitys software engineering institute cmusei. The operationally critical threat, asset, and vulnerability evaluationsm octave approach defines a riskbased strategic assessment and planning technique for security. Forte focuses on building an erm program for organizations with nascent risk management programs or existing programs that need improvement.
While octave has more details to contribute, we suggest using the fair model, described next, for risk assessment. International journal of computer applications technology. Octave defines a set of selfdirected activities for organizations to identify and manage their. The octave method uses a catalog of good practices, as well as surveys and worksheets to gain information during focused discussions and problemsolving sessions. Here is realworld feedback on four such frameworks. Octave operationally critical threat, asset, and vulnerability evaluation. Operationally critical threat, asset, and vulnerability. Operationally critical threat, asset, and vulnerability evaluation and octave are service marks of carnegie mellon university. The organizational, technological and analysis aspects of an information security risk evaluation are undertaken by a threephased approach with eight processes. Pdf assessment of information system risk management. Results rule out some pathways, identify nonnegligible risk requiring quantification, or gaps in knowledge, etc.