ISSC363_Case_Study_Phase1

There are many different ways that one can define Risk, it really depends on the circumstances that surround the term. For the purposes of this Case Study, Risk is defined as “the potential an unwanted outcome resulting from an incident, event or occurrence, as determined by its likelihood and the associate consequences.” (“Risk Management Fundamentals”) In other words, does the benefit of allowing a risk outweigh the consequences that “could” happen if the risk was exploited?
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