Risk assessment with the method OCTAVE (3 Days)

Developing the necessary skills to perform a risk assessment based on the OCTAVE method

In this three-day intensive course, the participants develop the competence to master the basic risk management elements related to all assets of relevance for information security using OCTAVE method (including OCTAVE-S and OCTAVE Allegro). The OCTAVE method (Operationally Critical Threat, Asset, and Vulnerability Evaluation) was developed by CERT (Computer Emergency Response Team). Based on practical exercises and case studies, participants acquire the necessary knowledge and skills needed to perform an optimal information security risk assessment and manage risks in time by being familiar with their life cycle. This training fits perfectly in the framework of an ISO/IEC 27001:2005 standard implementation process.

Who should attend?

  • Risk managers
    Persons responsible for information security or conformity within an organization
    Members of the information security team
    IT consultants
    Staff participating in the activities of risk assessment with the OCTAVE method

Learning objectives

  • To understand the concepts, approaches, methods and techniques allowing an effective management of risk according to the OCTAVE method
    To develop the necessary skills to conduct a risk assessment with the OCTAVE method
    To master the steps to conduct a risk assessment with the OCTAVE method (including OCTAVE-S and OCTAVE Allegro)
    To interpret the requirements of ISO 27001 on information security risk management
    To understand the relationship between the information security risk management, the security controls and the compliance with the requirements of different stakeholders of an organization
    To acquire the competence to implement, maintain and manage an ongoing information security risk management program
    To acquire the competence to effectively advise organizations on the best practices in information security risk management

Course Agenda

Day 1: Start of a risk assessment with OCTAVE

  • Concepts and definitions related to risk management
    Standards, frameworks and methodologies in risk management
    Presentation of OCTAVE
    Phase 1 - Process 1 to 3 (Understanding the Organization)
    Phase 1 - Process 4 (Create profile threats)
    Phase 2 - Process 5 (identification of key components)

Day 2: Assessment of vulnerabilities and risk, according to OCTAVE

  • Phase 2 - Process 5 (Continued)
    Phase 2 - Process 6 (Evaluation of selected components)
    Phase 3 - Process 7 (Conduct the risk assessment)
    Phase 3 - Process 8 (Development of Protection Strategy)

Day 3: The OCTAVE Method Implementation approach and conclusion

  • Phase 3 – Process 8 (Development of a Protection Strategy – cont.)
    The OCTAVE Method Implementation Guide
    OCTAVE – S and OTAVE Allegro
    Summary

Prerequisites

  • A basic knowledge of risk management is recommended

Educational approach

  • This training is based on both, theory and practice:
    - Sessions of lectures illustrated with examples based on real cases
    - Practical exercises based on case studies including role playing and oral presentations
    - Review exercises to assist the exam preparation
    - Practice test similar to the certification exam
    To benefit from the practical exercises, the number of training participants is limited

Exam and certification

Not applicable

General information

  • The training material on OCTAVE is only available in English
    A copy of the official documentation on OCTAVE (including OCTAVE-S and OCTAVE Allegro) published by CERT is given to the participants together with a student manual containing over 250 pages of information and practical examples
    A participation certificate of 21 CPD (Continuing Professional Development) credits is awarded to participants

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