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Cyber risk is one of the top business risks today.  Information technology continues to evolve and cyber risk continues to escalate.  It is important that all individuals understand the basics of cyber risk and threats.  In addition, organizations must learn to develop effective cyber risk programs and appropriately measure cyber risk.

This course is complimentary to courses on:

  • Cyber risk management frameworks
  • Cyber programs and roles
  • Cyber breaches and actions

As discussed in the segment on cyber risk management frameworks, multiple risk management frameworks exist and can be effectively utilized by organizations to establish their cyber programs.  These learning segments utilize the NIST Framework (National Institute of Standards and Technology (NIST) established by executive order in February 2013) as a template for assisting in understanding the various components that should be assessed related to cyber risk. This course delves into the process of assessing risk management status utilizing the tier concept.

The NIST framework introduces the concept of tiers. Tiers are utilized to help an organization determine its current cyber risk management status. Tiers can also be used when determining the desired risk management status. The tier concept and its execution can be compared to the maturity model concept utilized in Enterprise Risk Management (ERM). However, the tiers are NOT representative of maturity level. The manner or process utilized for the organization to determine its tier level can be similar to an ERM maturity assessment.

Regardless of the specific framework chosen to follow for a risk management program, the tier concept can be an effective addition to any cyber risk management program.  

Learning Objectives

  • Identify the National Institute of Standards and Technology (NIST) tiers. 
  • Explore the meaning and impact of tier one.
  • Explore the meaning and impact of tier two.
  • Explore the meaning and impact of tier three.
  • Explore the meaning and impact of tier four. 
  • Identify how to assess tiers.
  • Explore how to utilize tier measurement.
  • Explore how to properly inform and position your organization to properly manage cyber risk.
Last updated/reviewed: May 07, 2018

Included In Certifications

This course is included in the following Expert Certifications:

13 CoursesCorporate Cyber Security Certification

  1. Cyber Threat – The Modern-Day Fraud: Breaches and Actions
  2. A Primer on Cyber Security Programs and Roles
  3. Cyber Risk Management Frameworks and Concepts
  4. Cyber Risk Assessment - Identify Critical Assets
  5. Cyber Risk Assessment – Prioritize Assets for Protection
  6. Cyber Risk Assessment - Protect Assets from Threats
  7. Cyber Risk Assessment – Detect Threats Part One
  8. Cyber Risk Assessment – Detect Threats Part Two
  9. Cyber Risk Assessment – Respond to Incidents
  10. Cyber Risk Assessment – Recover from Incidents
  11. Measuring Cyber Risk Utilizing Tiers
  12. Personal Identity Theft
  13. The Business Identity Theft Crisis

2 Reviews (6 ratings)Reviews

4
Member's Profile
Whilst NIST and Tiers are not maturity one approach might be to relate the tiers to risk and control profiles that an organisation might want to adopt either wholly across the organisation or in a fragmented manner across those parts of the business where a given tier of controls/risk can be justified to ensure a balanced approach to delivering and maintaining security is leveraged for business benefit.
5
Anonymous Author
I now understand the meaning and purpose of the 4 tiers, and how to perform he assessment.

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:35Introduction to Measuring Cyber Risk Utilizing Tiers
  12:22NIST Tiers & Tier One Partial
  9:53Tier Two & Tier Three
  6:31Tier Four: Adaptive
  17:38Assessing Tiers
  3:09Utilizing Tier Measurement
  11:52Communicate Tier Level and Position Organization to Manage Cyber Risk
  2:36Summary
CONTINUOUS PLAY
  1:08:35Measuring Cyber Risk Utilizing Tiers
SUPPORTING MATERIALS
  PDFSlides: Measuring Cyber Risk Utilizing Tiers
  PDFMeasuring Cyber Risk Utilizing Tiers Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM