9/11/23
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What is a risk?
u Risk is the probability of a negative (harmful) event occurring as well as the potential of scale of that harm. Your organizational risk fluctuates over time, sometimes even on a daily basis, due to both internal and external factors. u A slightly more technical angle, the Open FAIR body of knowledge defines cyber risk as the probable frequency and probably magnitude of loss. Sounds complicated, until we break it down: “For starters,” Rudis says, "there is no ethereal risk. Something is at risk, be it a system, device, business process, bank account, your firm’s (casino/tribes) reputation or human life.”
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