Information Technology Risk Management Document

Simplebooklet Marketing Inc. | Approved December 1, 2024

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1. Purpose

The purpose of this document is to outline Simplebooklet Marketing Inc.'s approach to identifying, assessing, managing, and mitigating risks associated with information technology (IT). This framework ensures that IT risks are managed effectively to protect organizational assets, ensure business continuity, and support strategic objectives.

2. Scope

This document applies to all IT systems, networks, applications, and data owned or managed by Simplebooklet Marketing Inc. It encompasses risks associated with internal operations, third-party vendors, and external threats.

3. Risk Management Framework

3.1 Risk Identification

Sources of Risk:
Cybersecurity threats (e.g., malware, phishing, ransomware)
System vulnerabilities and misconfigurations
Insider threats (intentional or accidental)
Third-party vendor risks
Natural disasters, power outages, or other physical disruptions
Regulatory non-compliance
Methods of Identification:
Regular vulnerability assessments and penetration testing
Employee feedback and incident reporting
Monitoring threat intelligence sources
Periodic audits and reviews

3.2 Risk Assessment

Risk Analysis: Assess the likelihood and impact of identified risks based on:
Probability of occurrence
Potential financial, reputational, and operational consequences
Risk Categorization:
High: Immediate action required
Medium: Mitigation needed within a defined timeline
Low: Monitor and address as resources permit

3.3 Risk Mitigation

Preventive Measures:
Implement firewalls, antivirus software, and intrusion detection systems
Enforce access controls and multi-factor authentication (MFA)
Regularly update and patch software and hardware
Detective Measures:
Continuous monitoring of network and system activity
Incident detection through automated alerts and logging
Corrective Measures:
Develop and maintain an incident response plan
Regularly back up critical data and test recovery procedures
Conduct post-incident reviews to identify lessons learned

3.4 Risk Acceptance

Certain risks may be accepted when mitigation is impractical or the cost of mitigation outweighs the potential impact.
Risk acceptance decisions must be documented and approved by senior management.

4. Roles and Responsibilities

Chief Information Security Officer (CISO):
Oversees the IT risk management program
Conducts regular risk assessments and reports findings to leadership
IT Team:
Implements and maintains technical controls to mitigate risks
Conducts monitoring and testing activities
Department Heads:
Identify risks specific to their areas of responsibility
Ensure team compliance with IT policies
Employees:
Follow organizational policies and report potential risks or incidents
Complete mandatory training on IT security and risk awareness

5. Monitoring and Review

The IT risk management process will be reviewed annually or as needed to address:
Changes in the threat landscape
New technologies or business processes
Feedback from incidents and audits
Metrics for effectiveness include:
Number and severity of incidents
Time to detect and respond to risks
Compliance audit results

6. Compliance

This document aligns with industry standards and frameworks (e.g., NIST, ISO 27001).
Non-compliance with risk management practices may result in disciplinary action and increased scrutiny.

7. Approval

Approved by: Ken Kwasnicki
Date: December 1st, 2024

Updated on: 08/09/2026

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