Risk represents ________
Answers
Risk is the possibility of losing something of value. Values (such as physical health, social status, emotional well-being, or financial wealth) can be gained or lost when taking risk resulting from a given action or inaction, foreseen or unforeseen (planned or not planned). Risk can also be defined as the intentional interaction with uncertainty. Uncertainty is a potential, unpredictable, and uncontrollable outcome; risk is a consequence of action taken in spite of uncertainty.
Three types of risks : The three types of risks are: a) Personal risk describes the loss of life or loss of income because of a sickness, disability, old age, or unemployment. b) Property risk involves losses to property as a result of perils, like fire or theft, and hazards.
The risk is the potential of a significant impact resulting from the exploit of a vulnerability.
*In computer security, a vulnerability is a weakness which can be exploited by a Threat Actor, such as an attacker, to perform unauthorized actions within a computer system.
Vulnerability – Weaknesses or gaps in a security program that can be exploited by threats to gain unauthorized access to an asset. A vulnerability is a weakness or gap in our protection efforts. Risk – The potential for loss, damage or destruction of an asset as a result of a threat exploiting a vulnerability.
Risk represents threat
as we know that Risk refers to the potential for loss or damage when a threat exploits a vulnerability. Examples of risk include financial losses as a result of business disruption, loss of privacy, reputational damage, legal implications and can even include loss of lifeon the other hand Threat is An action, potential action, or inaction, likely to cause damage, harm or loss. Vulnerability – Weaknesses or gaps in the protection of assets that can be exploited by Threats in order to compromise the asset. Risk – The potential or possibility of compromise, loss, injury or other adverse consequence