The FREE Cybersecurity Glossary by Thor Pedersen!

Business impact: The potential consequences or effects of an event, incident, or change on the operation, reputation, or financial stability of an organization. From a security perspective, the impact can be the result of a successful cyber-attack, data breach, or system failure and may include consequences such as operational downtime, financial loss, or reputational damage.

Business Impact Analysis (BIA): A systematic process to identify and evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident, or emergency. A BIA is crucial for developing an effective business continuity plan as it aids in understanding the organization's business processes, determining the impact of disruptions, and establishing recovery priorities.

Business interruption: An unexpected event that causes a halt or significant disruption in the normal operations of a business, such as a natural disaster, cyber-attack, or power outage. It can lead to substantial losses, and therefore, the prompt restoration of services is vital. Preparing for and managing business interruption is a central element of business continuity and disaster recovery planning.

Business Model for Information Security (BMIS): A holistic and business-oriented approach to managing information security and provides understanding and insight into managing complex systems. It helps organizations understand the different factors that influence successful information security by considering people, processes, and technology, as well as strategy, architecture, and governance.

Business Need Identification - Agree: The "agree" phase of business need identification involves reaching a consensus among stakeholders about which needs should be prioritized and how they should be addressed. This may involve negotiating with different parties to come to an agreement about the best course of action or using a decision-making process to determine which needs are most important.

Business Need Identification - Ask: The "ask" phase of business need identification involves gathering information about the business needs that a particular project or initiative is intended to address. This may involve asking stakeholders or other relevant parties about their needs and priorities or conducting market research to gather data about what customers or clients are looking for.