Chapter 1
Security Architecture
Course: Comptia Securityx Cas 005
Subject: Comptia Securityx Cas 005 Practice Exam
Chapter: Governance Risk And Compliance
Risk management involves identifying, assessing, and addressing risks to minimize their impact on organizational objectives. This guide provides an in-depth exploration of the key concepts, methodologies, and frameworks involved in applying risk strategies.
1. Risk Assessment
Risk assessment determines the potential threats to an organization and evaluates the likelihood and impact of those threats.
a) Likelihood
- Definition: The probability of a risk occurring.
- Example: Assessing the likelihood of a phishing attack targeting employees based on past trends and threat intelligence.
- Likelihood refers to the probability or chance that a specific event, risk, or incident will occur within a given time frame. It is a fundamental component of risk management and is often combined with impact to assess and prioritize risks.
Understanding Likelihood Likelihood helps quantify how probable a risk is, using either: