1

Understanding the Risks

Abstract

This chapter explains the terms ‘risk’ and ‘risk assessment.’ It explains how the terms sometimes get misused and the meaning of the terms in this book. Risk is a combination of the likelihood of occurrence of threats, the gaps in effectiveness from standards or vulnerabilities, and the consequences or business impact. The goal of this book is to base countermeasures and programs on risk-based solutions.

Key words

Business espionage

threats

vulnerabilities

consequences

business impact

risk

risk assessment

corrective actions

countermeasures and risk-based security

Introduction

It is important to understand that the ...

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