Question

Explain the difference between a business impact analysis and the risk management process.A fundamental difference between a BIA and risk management is that risk management focuses on identifying threats, vulnerabilities, and attacks to determine which controls can protect information, while the BIA assumes _____________.

Answer 1

The impact of threats, vulnerabilities, and attacks identified by the risk management process

Step-by-step explanation:

A fundamental difference between a BIA and risk management is that risk management focuses on identifying threats, vulnerabilities, and attacks to determine which controls can protect information, while the BIA assumes the assessment of the impact of those risks.

Hence, Business impact analysis could be said to be 'risk impact analysis' analysis because while the risks are identified by the risk management process, the impacts of the risks on the business is done by the BIA

Business impact analysis (BIA) is a systematic process to determine and evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident or emergency.