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The Common Vulnerability Scoring System (CVSS) is a technical standard for assessing the severity of vulnerabilities in computing systems. Scores are calculated based on a formula with several metrics that approximate ease and impact of an exploit.
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
With more sophisticated methods it becomes difficult to attribute simple weights for each risk factor and to provide a simple formula for the calculation of the score. A notable exception are tree-based methods such as CART , which can provide a simple set of decision rules and calculations but cannot ensure the monotonicity of the scale across ...
The Risk Management Framework (RMF) is a United States federal government guideline, standard, and process for managing risk to help secure information systems (computers and networks). The RMF was developed by the National Institute of Standards and Technology (NIST), and provides a structured process that integrates information security ...
The contents of this white paper and the FAIR framework itself are released under the Creative Commons Attribution-Noncommercial-Share Alike 2.5 license. The document first defines what risk is. The Risk and Risk Analysis section discusses risk concepts and some of the realities surrounding risk analysis and probabilities.
DREAD is part of a system for risk-assessing computer security threats that was formerly used at Microsoft. [1] It provides a mnemonic for risk rating security threats using five categories. Categories
Key risk indicators are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the enterprise. It differs from a key performance indicator (KPI) in that the latter is meant as a measure of how well something is being done while the former is an indicator of the possibility of future adverse impact.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]