Security in Computing 5th Edition by Shari Lawrence Pfleeger, Charles P Pfleeger, Jonathan Margulies

Exercise 16

Cite a risk in computing for which it is impossible or infeasible to develop a classical probability of occurrence.

Step 1 of 2

Risk in computing system

A risk can be defined as an unwanted danger that may occur and damage the data stored in the system. Risk can be of many forms such as physical risks to system hardware and software risks related to security breach of confidential data. It is therefore, very essential to perform thorough risk analysis.

In risk analysis, the first important step is to find out the possible assets that are most likely to be exploited or are vulnerable. Then, the next step is to find out the likelihood of the occurrence of the expected risk and evaluate the annual cost incurred.