Question

what are vulnerability and risk?




(no useless answers please)

Answer 1

Answer:

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...

Hope this helps u ✨ ✌

Answer 2

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$\textit{VULNERABILITY}$

Vulnerability describes the characteristics and circumstances of a community, system or asset that make it susceptible to the damaging effects of a hazard. There are many aspects of vulnerability, arising from various physical, social, economic, and environmental factors. Examples may include:

✨Poor design and construction of buildings,

✨Inadequate protection of assets,

✨Lack of public information and awareness,

✨Limited official recognition of risks and preparedness measures, and

✨Disregard for wise environmental management.

$\textit{RISK}$

Risk (or more specifically, disaster risk) is the potential disaster losses (in terms of lives, health status, livelihoods, assets and services) which could occur to a particular community or a society over some specified future time period. (Reference UNISDR Terminology)

It considers the probability of harmful consequences, or expected losses (deaths, injuries, property, livelihoods, economic activity disrupted or environmentally damaged) resulting from interactions between natural or human induced hazards and vulnerable conditions.

Risk can be calculated using the following equation: Risk = Probability of Hazard x Degree of Vulnerability.

There are different ways of dealing with risk, such as:

✨Risk Acceptance: an informed decision to accept the possible consequences and likelihood of a particular risk.

✨Risk Avoidance: an informed decision to avoid involvement in activities leading to risk realization.

✨Risk Reduction refers to the application of appropriate techniques to reduce the likelihood of risk occurrence and its consequences.

✨Risk Transfer involves shifting of the burden of risk to another party. One of the most common forms of risk transfer is Insurance.

$\textit{Hope this helps you}$

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