Cyber security Risk Management Plan

In this task, you will create a Cybersecurity Risk Management Plan for a medium-sized technology company. The goal is to establish a structured approach to identifying, assessing, and mitigating cybersecurity risks. Follow these steps:1. Scope Definition: Define the scope of the Cybersecurity Risk Management Plan. Specify which systems, networks, and data assets are within the scope of the plan. Identify key stakeholders and departments involved in risk management.2. Risk Assessment Framework: Establish a risk assessment framework that outlines the methodology, tools, and criteria for assessing cybersecurity risks. Choose a risk assessment model (e.g., NIST Cybersecurity Framework) and adapt it to your organization’s needs.3. Threat Identification: Identify potential cybersecurity threats that the organization may face. Consider both internal and external threats, such as malware, insider threats, social engineering, and supply chain risks.4. Vulnerability Assessment: Conduct a vulnerability assessment to identify weaknesses in the organization’s IT infrastructure, software, and configurations. Include factors such as outdated software, misconfigured devices, and weak access controls.5. Risk Analysis: Assess the likelihood and potential impact of each identified threat and vulnerability. Use the risk assessment model to calculate risk scores and prioritize risks based on their severity.6. Risk Mitigation Strategies: Recommend specific risk mitigation strategies for high-priority risks. This may include technical controls, policies, procedures, and employee training. Explain the rationale behind each mitigation measure.Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length