A leadership team wants to measure potential exposure in exact financial terms before allocating resources to mitigate identified security threats. Which method satisfies their request?
A process assigning financial values to incidents and calculating a range of losses.
A method using ordinal scales to rate severity and prioritize threats.
A blended format combining expert opinions and intuition, omitting detailed cost identification.
An approach considering intangible factors to develop risk perspectives.
Quantitative risk assessment assigns financial values to threats, enabling leadership to understand potential loss in monetary terms. This approach supports clear, informed decision-making. In contrast, qualitative methods using scales or subjective input may help with prioritization but lack exact cost estimations. Only a method that defines a clear range of potential financial losses directly addresses the leadership team's request for monetary exposure visibility.
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