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ExamsCAS-002Questions#755
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CAS-002 · Question #755

CAS-002 Question #755: Real Exam Question with Answer & Explanation

The correct answer is B: Potential Loss x Event Probability x Control Failure Probability. The best risk calculation formula accounts for the magnitude of potential loss, the probability of a threat event occurring, and the probability that existing controls will fail to prevent it.

Question

Which of the following provides the BEST risk calculation methodology?

Options

  • AAnnual Loss Expectancy (ALE) x Value of Asset
  • BPotential Loss x Event Probability x Control Failure Probability
  • CImpact x Threat x Vulnerability
  • DRisk Likelihood x Annual Loss Expectancy (ALE)

Explanation

The best risk calculation formula accounts for the magnitude of potential loss, the probability of a threat event occurring, and the probability that existing controls will fail to prevent it.

Common mistakes.

  • A. ALE already embeds asset value through Single Loss Expectancy (SLE = Asset Value x Exposure Factor), so multiplying ALE by asset value again double-counts that component.
  • C. Impact x Threat x Vulnerability is a simplified qualitative risk model used for rough prioritization, not a rigorous quantitative risk calculation methodology.
  • D. ALE is calculated as SLE x ARO (Annual Rate of Occurrence), meaning likelihood is already baked into ALE, making this multiplication circular and mathematically redundant.

Concept tested. Quantitative risk calculation formula components

Reference. https://csrc.nist.gov/publications/detail/sp/800-30/rev-1/final

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