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BCS Practitioner Certificate in Information Risk Management
A CISO argues that classical risk models are difficult to apply to information security in her organisation. According to the BCS article, what is the fundamental reason for this difficulty?
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 risk analyst notes that staff consistently insist a very rare type of security compromise is far more likely than the data suggests, leading to excessive spending on countermeasures. Which behavioural tendency described in the article best explains this?
Explanation
We tend to systematically overestimate low probabilities and underestimate high probabilities.
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