ITriskide

ITriskide is a hypothetical framework for managing information technology risk. It provides a structured approach to identifying, assessing, prioritizing, and mitigating IT-related risk across systems, software, data, and human processes. The model is designed to be compatible with enterprise risk management practices and aligns with standards such as ISO 27001 and NIST guidelines.

Origins and status: ITriskide was introduced in theoretical risk-management literature and is used in educational and illustrative contexts. It is not an official standard or widely adopted framework, but serves as a reference design for discussing IT risk scenarios and decision making.

Core components include a risk taxonomy that categorizes threats and vulnerabilities, an asset inventory, a probability and impact scoring system, a risk register, and a governance workflow for remediation and monitoring. The lifecycle comprises identification, assessment, prioritization, treatment, and continuous monitoring, with explicit mapping to business objectives and control libraries.

Applications: organizations use ITriskide to plan IT risk responses for projects such as cloud migration, supply-chain integration, or critical system upgrades. It supports scenario analysis, prioritization, and resource allocation under uncertainty.

Reception and limitations: as a hypothetical model, ITriskide has not been standardized and may be used alongside established methodologies such as FAIR or OCTAVE. Critics note that lack of universal metrics can hinder comparability, while proponents emphasize its flexibility for planning and education.

See also: Information security, IT risk management, ISO/IEC 27001, NIST SP 800-30, FAIR.