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Risk Management approach
1. Identify assets: Identify all the assets of our platform, including hardware, software, data, people, and processes.
2. Identify threats: Identify all the potential threats that could impact the availability, integrity, or confidentiality of the platform. The threats might include cyber-attacks, natural disasters, hardware failure, or human errors.
3. Evaluate risks: Evaluate the risks associated with each threat. This involves assessing the likelihood of the threat occurring and the potential impact it might have on the AppCan platform and the organisation.
4. Determine risk appetite: Based on the risk evaluation, determine the organisation\’s risk appetite. This involves deciding how much risk the organization is willing to accept and how much risk it needs to mitigate.
5. Develop risk treatment plan: Develop a risk treatment plan. This plan outlines how we intend to mitigate, transfer, or accept each risk.
6. Implement risk treatment plan: Necessary controls and measures to mitigate the risks identified in the risk treatment plan.
7. Monitor and review: Monitor and review the effectiveness of the risk management approach regularly. This involves evaluating the controls and measures in place and making adjustments if necessary to ensure the AppCan platform remains secure.
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