Understand the key considerations in using quantitative risk analysis. Learn how it assigns numeric values to exposures of information assets for effective risk management.
Table of Contents
Question
A KEY consideration in the use of quantitative risk analysis is that it:
A. applies commonly used labels to information assets.
B. assigns numeric values to exposures of information assets.
C. is based on criticality analysis of information assets.
D. aligns with best practice for risk analysis of information assets.
Answer
B. assigns numeric values to exposures of information assets.
Explanation
Quantitative risk analysis involves assigning numerical values to various risk factors, such as the probability of a threat occurring, the potential impact or loss associated with the threat, and the exposure or vulnerability of the asset to that threat. This numerical approach allows for more objective and quantifiable assessments of risk, enabling organizations to prioritize and address risks more effectively based on calculated risk values or scores.
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