How is an asset evaluated to determine its vulnerability, probability, and criticality of loss?
What will be an ideal response?
Vulnerability: refers to an asset's exposure to loss. Example: little or no physical security exposes an asset to loss.
Probability: refers to the likelihood that loss will occur. Example: if a facility is located in a high crime area, the probability of loss is high.
Criticality: refers to the impact of loss of an asset. What are the consequences associated with the asset's loss? Example: storing critical information at a single location exposes the information to complete loss in the event of fire, tornado, etc.
Vulnerability × Probability × Criticality = Risk Level
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