Which approach focuses on balancing the protection of agency information with the cost of security controls?

Which approach focuses on balancing the protection of agency information with the cost of security controls?

• A. Risk Management Approach
• B. Change Management Approach
• C. Configuration Management Approach
• D. Software Development Life Cycle

Answer: (A)

The selected approach correctly identifies the Risk Management Approach as the method that emphasizes balancing the protection of agency information with the cost of security controls. This approach involves assessing potential risks to information and implementing security measures that are commensurate with those risks, considering both the value of the information at stake and the costs associated with different security controls. By using a risk management framework, organizations can prioritize their security measures based on the likelihood and impact of potential threats. This enables them to allocate resources effectively and make informed decisions about which controls to deploy, ensuring that protections are both effective and economically viable. Thus, the Risk Management Approach aligns security efforts with organizational objectives, striving for an optimal balance rather than implementing security measures indiscriminately or without a thorough understanding of associated costs and benefits. In contrast, the other approaches listed do not prioritize this balance in the same way. The Change Management Approach focuses more on managing how changes to systems are implemented and controlled, rather than weighing protection against costs. The Configuration Management Approach is related to maintaining systems in a known and secure state, commonly addressing the integrity and security of configurations but not directly addressing cost considerations in a holistic manner. Lastly, the Software Development Life Cycle is primarily concerned with the phases of developing software and ensuring quality and

The selected approach correctly identifies the Risk Management Approach as the method that emphasizes balancing the protection of agency information with the cost of security controls. This approach involves assessing potential risks to information and implementing security measures that are commensurate with those risks, considering both the value of the information at stake and the costs associated with different security controls.

By using a risk management framework, organizations can prioritize their security measures based on the likelihood and impact of potential threats. This enables them to allocate resources effectively and make informed decisions about which controls to deploy, ensuring that protections are both effective and economically viable. Thus, the Risk Management Approach aligns security efforts with organizational objectives, striving for an optimal balance rather than implementing security measures indiscriminately or without a thorough understanding of associated costs and benefits.

In contrast, the other approaches listed do not prioritize this balance in the same way. The Change Management Approach focuses more on managing how changes to systems are implemented and controlled, rather than weighing protection against costs. The Configuration Management Approach is related to maintaining systems in a known and secure state, commonly addressing the integrity and security of configurations but not directly addressing cost considerations in a holistic manner. Lastly, the Software Development Life Cycle is primarily concerned with the phases of developing software and ensuring quality and