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Agile Security: Balancing Security with the Need for Agility written by Jeff Lowder
Why the “Risk = Threat x Vulnerability x Impact” Formula is Mathematical Nonsense — Part 2
August 31, 2010 – 6:00 am
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In my last post, I argued that security risk managers should stop using the “Risk = Threat x Vulnerability x Impact” formula (hereafter, the “R=TVC formula”), for two reasons. First, the variables “Threat” and “Vulnerability” are typically undefined;…
Why the “Risk = Threats x Vulnerabilities x Impact” Formula is Mathematical Nonsense
August 23, 2010 – 6:00 am
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Every now and then I will find a security practitioner presenting the following formula when discussing information security risk analysis (ISRA).
Risks = Threats x Vulnerabilities x Impact
In some versions of this formula, the word “Consequence” is sometimes substituted for…
Decision Theory is the Foundation for Information Security Risk Management
August 18, 2010 – 6:00 am
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Disclaimer: I originally wrote the following text as a post to a mailing list in 2005, but it still seems applicable today.
The more I read the writings of various information security professionals about information security risk analysis (ISRA), the more I’m struck by the following…
Reply to Jack Jones on the Meaning of “Risk”
July 29, 2010 – 6:00 am
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In a recent post to his blog, Jack Jones asks, “What’s ‘a risk’ anyway?” This is a great question, especially since a lot of people working in information security seem to use the word in a variety of ways, ways that often violate common usage among risk…
The Difference between Quantitative and Qualitative Risk Analysis and Why It Matters (Part 3)
November 5, 2008 – 6:00 am
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As we saw in part 2 of this series, some of the traditional arguments used for distinguishing between quantitative and qualitative risk analysis (RA) are based upon dubious assumptions. Many writers assume that “quantitative” equals objective and numerical, while…