6
Risk Management
We take risks every day. For instance, did you commute to work this morning? If so, you took a risk by getting in a car, bus, or train to get there. Studies have shown the likelihood of getting into a car accident is much higher than in any other mode of transport. However, you made a calculated decision about how to get to work. What went through your head when you made that decision? What factors went into the evaluation of the overall risk when choosing your method of transportation?
You should have the same mindset when it comes to how you evaluate information technology and security risks. Would you spend $100 to protect $50? No. On the flip side, would we spend $50 to protect $100? Well, possibly. How do we evaluate the ...
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