What is the Business Impact Analysis (BIA)? Business Impact Analysis (BIA) is a process using which the consequences of a disaster on a business are predicted. Business Impact Analysis determines and evaluates the potential impact of a disaster on critical business...
What are data anonymization and pseudonymization? Data anonymization and pseudonymization are done to protect the privacy of users. In the data anonymization process, personally identifiable information of users is removed or processed in such a way that users whose...
Let’s say there is a risk on an asset. If the risk occurs on the asset, then there is going to be a monetary loss. Single Loss Expectancy (SLE) is the monetary loss expected from an occurrence of a risk on an asset. Single Loss Expectancy (SLE) is expressed as: Single...
Risk appetite is the amount and type of risks that an organization is willing to accept while pursuing its objectives. And, risk tolerance specifies how much loss an organization is willing to accept given the existing assets and other risks of the company. Though...
In risk management, an inherent risk is an untreated or raw risk before any measures are taken to mitigate the likelihood or impact of the risk. To manage risks, organizations first identify risks, analyze and evaluate the risks and then various risk control measures...
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