Which of the following formula represents the risk levels?

The correct answer is C. Level of risk = Consequence × Likelihood. The level of risk is typically calculated by considering the consequence (or impact) of an event and assessment concept where risk is the product of the two factors: Consequence (Impact): The outcome or result if a threat does exploit a vulnerability. Likelihood (Probability)…

SOC Fundamentals and Operations

Question

Exhibit

Options

ALevel of risk = Consequence × Severity
BLevel of risk = Consequence × Impact
CLevel of risk = Consequence × Likelihood
DLevel of risk = Consequence × Asset Value

How the community answered

(21 responses)

A
5% (1)
C
90% (19)
D
5% (1)

Explanation

The level of risk is typically calculated by considering the consequence (or impact) of an event and assessment concept where risk is the product of the two factors: Consequence (Impact): The outcome or result if a threat does exploit a vulnerability. Likelihood (Probability): The chance that a given threat will exploit a vulnerability. By multiplying these two factors, one can determine the level of risk, which helps in prioritizing risks and deciding on the appropriate level of controls and mitigation strategies. concepts of risk assessment and management, which include the formula for calculating risk levels as the product of consequence and likelihood. These concepts are aligned with industry best practices and standards for security operations centers.

Topics

#risk formula#risk calculation#consequence vs likelihood#risk management

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