Integrated Circuit Security Risk Management Framework in Government Agencies

Abstract

The security risk management framework is an essential part of strategic management for government agencies. It allows a government to systematically identify and address the risks associated with its activities to achieve sustainability for different activities of security risk management. The goal of security risk management is to add sustainable value to government activities and reduce the chance of security breaches. Applying security risk management techniques used to government projects can increase the chances of success, help achieve objectives, and assist in finding preventive solutions for future projects. The application of security risk management is profitable for government agencies because it sets specific risk management objectives that are based on the broader overall strategy. It contributes to the achievement of strategic objectives with mechanisms like Spearman's rank correlation coefficient and simple linear regression. These techniques can improve decision-making, planning and implementation of government activities, as well as reduce the negative consequences of present threats. It is recommended to apply the integrated security risk management framework proposed in this paper to increase the effectiveness of security risk management in government agencies. Also using quantitative and intelligent techniques in the analysis and estimation of security risks can help managers to make decisions regarding security issues in government agencies.