Discuss the organizations approach to risk management

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Problem: Briefly explain the following Highlights deely. Vulnerability #1 - SQL Injection Attack on PHI Database Description: SQL Injection is a malicious attack targeting a critical software application responsible for processing and storing client Protected Health Information (PHI). This vulnerability allows unauthorized access to PHI stored within the database. Likelihood and Impact Assessment: Likelihood: High Impact: Very High Justification: SQL Injection attacks are prevalent and pose significant risks to data integrity and confidentiality. A successful breach could result in severe reputational damage, legal repercussions, and financial losses for Health Coverage Associates. NIST SP-30 5x5 Matrices Illustration: Visual representation of the likelihood and impact matrices, highlighting the severity of the vulnerability. Recommended Mitigation: Implement robust input validation mechanisms Regularly update and patch software Employ encryption techniques for data protection Implement access controls and monitor database activities Explanation of Risk Tolerance and Acceptance: Discuss the organization's approach to risk management and the necessity of proactive mitigation strategies.

Reference no: EM133658942

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