After completing this video, the learner will understand the quantitative risk assessment process. This includes computing annualized loss expectancy, single loss expectancy, annualized rate of occurrence, mean time to repair, mean time to failure and mean time between failures.
- [Voiceover] When we're able to gather quantitative data…about our assets and risks,…we can use that information…to make data-informed decisions about risk.…The process of using numeric data…to assist in risk decisions…is known as Quantitative Risk Assessment.…Security professionals performing…quantitative risk assessment do so…for a single risk asset pairing.…For example, they might conduct an assessment…based upon the risk of flooding…to a data center facility.…As they conduct this assessment,…they must determine the values for several variables.…
The first of these variables is the asset value or AV.…This is, quite simply, the estimated value, in dollars,…of the asset.…Risk assessors determining an asset's value…have several options at their disposal.…The original cost technique simply looks at invoices…from an asset purchase,…and uses the purchase prices to determine the asset value.…This is the easiest technique to perform…because it simply requires looking at invoices.…However, it is often criticized…because the costs to actually replace an asset…
- Implementing security controls and policies
- Performing a risk assessment
- Understanding the five risk management actions
- Managing third-party relationships (vendors, etc.)
- Mitigating risk with change management, audits and assessments, and more
- Building an incident response program
- Understanding digital forensics
- Providing security and compliance training
- Ensuring physical security
- Planning for business continuity and disaster recovery
- Matching controls to security goals
Skill Level Intermediate
1. Controls and Risks
2. Third-Party Relationships
Vendor agreements3m 34s
3. Risk Mitigation Strategies
4. Incident Response
6. Awareness and Training
7. Physical Security and Environmental Controls
8. Business Continuity and Disaster Recovery
9. Matching Controls to Security Goals
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