What is Risk Determination?
Risk determination assesses threats and vulnerabilities to consider the likelihood that known threat sources will be able to exploit identified vulnerabilities to cause one or more adverse events and the consequences if such events occur. Depending on the type of threat under analysis and the nature of the risk assessment being performed, likelihood and impact may be determined using relative ratings or quantitative estimates. Many factors contribute to likelihood, including some that are difficult to measure accurately, such as ease of exploitation, skill level or sophistication of adversaries, visibility of the organization, and attractiveness of the organization or its assets to attack [51]. Accurate quantitative risk determination requires sufficient historical observations or other evidence to support calculation of probabilities, and also requires impact to be expressed in numeric terms, such as dollar values. Organizations may characterize the nature and severity of adverse impacts according to what as
How to Calculate Risk Determination?
Risk Determination calculator uses Risk = Risk Impact*Likelihood to calculate the Risk, Risk Determination assesses threats and vulnerabilities to consider the likelihood that known threat sources will be able to exploit identified vulnerabilities to cause one or more adverse events and the consequences if such events occur. Risk is denoted by σR symbol.
How to calculate Risk Determination using this online calculator? To use this online calculator for Risk Determination, enter Risk Impact (RI) & Likelihood (L) and hit the calculate button. Here is how the Risk Determination calculation can be explained with given input values -> 84 = 21*4.