Risk is a measure of the potential loss and the likelihood of that loss occurring. It is typically calculated using the formula:Risk = Probability x Impact
Components Explained:
Probability: The likelihood of a threat materializing.
Impact: The magnitude of the potential harm or loss if the threat materializes.
Supporting Reference:
EC-Council CCISO materials use this formula to guide risk assessments and decision-making processes, aligning with industry standards such as NIST SP 800-30.
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