A company predicts rare disruptions that have not been reported in over ten years but have the capacity for large-scale harm. Which approach best addresses these disruptions when integrating them into a risk plan?
Limit the analysis to standard risk calculations based on event data from the past decade
Conduct a comprehensive scenario study with stakeholder inputs, evaluate the possible impact on operations, and document relevant countermeasures
Apply system-wide security controls without exploring any specialized testing or event modeling
Focus on vendor assessments first to strengthen third-party agreements and determine next steps later
Scenario-based risk analysis allows organizations to examine the potential consequences of rare, high-impact events by involving stakeholders, evaluating cascading effects, and planning specific countermeasures. This proactive approach contrasts with methods that rely only on past data, apply generic controls, or focus solely on vendor relationships. It ensures unique, large-scale disruptions are addressed with tailored risk strategies.
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Why can't standard risk calculations be used for rare events?
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