Question

What is a weighted risk factor based on an analysis of the probability that a given threat is capable of exploiting a given vulnerability (or set of vulnerabiliites).

A. Threat
B. Vulnerability
C. Threat Occurrence
D. Likelihood of Occurrence

Answer 1

The term that describes the analysis of the probability of a threat exploiting a vulnerability is 'Likelihood of Occurrence'. It helps to prioritize threats for risk management, similar to using insurance for mitigating low-probability, high-impact events.The correct answer is option D.

Step-by-step explanation:

The term you’re looking for, given a scenario where we are analyzing the probability that a threat will exploit a vulnerability, is D. Likelihood of Occurrence. In risk management and information security, the Likelihood of Occurrence is an assessment of how probable it is for a threat to take advantage of a vulnerability within a system or process.

This concept is crucial when determining which threats need to be addressed with higher priority, similar to how insurance is used to mitigate low-probability but potentially high-impact events. When conducting a risk assessment, different factors are evaluated, such as environmental damage, social and economic impacts, and public health issues.

The ultimate aim is to calculate the risk, which is the product of the likelihood (probability) and the potential consequences of an event, as noted by the National Research Council (2002). Risk analysis is an integral component for preventing adverse events, such as plant invasions or security breaches, by aiding in the decision-making process to implement appropriate preventive measures or mitigation strategies.The correct answer is option D.