Common Approaches To Analysing Security Risk
Some security professionals define security according to one of the following formulas.
Risk = Threat × Harm
Risk = Consequence × Threat × Vulnerability
Risk = Consequence × Likelihood
Risk = Consequence × Likelihood × Vulnerability
However, Jeff Lowder has argued that the Risk = Consequence x Threat x Vulnerability is "mathematical nonsense."
Factor Analysis of Information Risk deeply analyze different risk factors and measure security risk.
There are a number of methodologies to analyse and manage security risk: see Category:Risk analysis methodologies
Usually after a cost benefit analysis a countermeasure is set to decrease the likelihood or the consequence of the threat. Security service is the name of countermeasure while transmitting the information.
Read more about this topic: Security Risk
Famous quotes containing the words common, approaches, security and/or risk:
“The object of government in peace and in war is not the glory of rulers or of races, but the happiness of the common man.”
—William, Lord Beveridge (1879–1963)
“No one ever approaches perfection except by stealth, and unknown to themselves.”
—William Hazlitt (1778–1830)
“In the long course of history, having people who understand your thought is much greater security than another submarine.”
—J. William Fulbright (b. 1905)
“When a man leaves his mistress, he runs the risk of being betrayed two or three times daily.”
—Stendhal [Marie Henri Beyle] (1783–1842)