Scenario-based risk is a method of identifying and assessing potential risks and hazards that may impact an organization. It involves identifying potential threats, assessing their likelihood and impact, and implementing measures to mitigate those risks.
| Scenario | Likelihood | Impact | Current controls | Residual risk | Recommended actions |
|---|---|---|---|---|---|
Power outage |
High | High | UPS, generator, power distribution units, Automatic transfer switch | Low | Regularly test and maintain backup power systems, review power usage to optimize efficiency, implement advanced power management systems |
Equipment failure |
High | High | Redundant systems, regular maintenance, monitoring, Remote hands service | Low | Regularly test and maintain backup systems, conduct regular equipment audits, implement advanced monitoring and management systems |
Natural disaster |
Medium | High | Flood barriers, emergency shutdown procedures, disaster recovery plan, Hot and Cold Aisle | Low | Regularly review and update disaster recovery plan, conduct disaster recovery drills, implement advanced environmental monitoring systems |
Cyber attack |
High | High | Firewall, intrusion detection/prevention, incident response plan, security Information and Event Management system | Low | Regular security training for employees, conduct security audits, test incident response plan, Implement advanced threat detection and response systems |
Data breach |
High | High | Encryption, access controls, incident response plan, Data Loss Prevention system | Low | Conduct regular security audits, review and update incident response plan, Implement advanced data protection systems |
Physical security |
High | High | Surveillance cameras, security personnel, access controls, biometric authentication | Low | Conduct regular security audits, review and update incident response plan, Implement advanced security systems |
Compliance and regulatory |
High | High | Regular audits, compliance management systems, incident response plan | Low | Regularly review and update compliance management systems, Conduct regular compliance audits, Implement advanced compliance monitoring systems |
Operational risks |
High | High | Staffing plan, capacity management, incident response plan | Low | Regularly review and update staffing plan, Conduct regular capacity management audits, Implement advanced operational monitoring systems |