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:
“Conscious virtue is the only solid foundation of all happiness; for riches, power, rank, or whatever, in the common acceptation of the word, is supposed to constitute happiness, will never quiet, much less cure, the inward pangs of guilt.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Bloody men are like bloody buses—
You wait for about a year
And as soon as one approaches your stop
Two or three others appear.”
—Wendy Cope (b. 1945)
“The most disgusting cad in the world is the man who, on grounds of decorum and morality, avoids the game of love. He is one who puts his own ease and security above the most laudable of philanthropies.”
—H.L. (Henry Lewis)
“The Englishman’s strong point is his vigorous insularity; that of the American his power of adaptation. Each of these attitudes has its perils. The Englishman stands firmly on his feet, but he who merely does this never advances. The American’s disposition is to step forward even at the risk of a fall.”
—Thomas Wentworth Higginson (1823–1911)