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BCS Foundation Certificate in Information Security Management Principles
An analyst insists on calculating a precise annualised loss expectancy for every information security threat, but struggles to obtain credible figures for the likelihood of a hacker intercepting company email or the damage that would result. According to the argument presented, why does the classic risk formula break down in this situation?
Explanation
Applying this model to information security is difficult, if not impossible, because we rarely have accurate estimates for the chances of security-related events happening
A security event would cause a loss of £10,000 and has a 10 per cent chance of occurring. Using the precise definition of risk described, what is the risk associated with this event?
Explanation
So if there is an event that will cause a loss of £10,000 and has a 10 per cent chance of happening, then this event
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