What is risk management? What is Vulnerability assessment? What is the relationship between risk management and vulnerability assessment? What is the difference between security and safety?

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Fennelly (2017) stated that the key to risk management is to knowingly determine an acceptable level, rather than unwittingly accepting it. In security risk management, these decisions are based on the consequence of loss of the asset, the defined threat, and the risk tolerance of the enterprise.

For this assignment, research and expound on the following questions?

  • What is risk management?
  • What is Vulnerability assessment?
  • What is the relationship between risk management and vulnerability assessment?
  • What is the difference between security and safety?
 
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