Cost benefit analysis (cba)-information security, Computer Network Security

Assignment Help:

Cost Benefit Analysis (CBA)

The common approach for information security controls is economic feasibility of implementation. CBA is begun by evaluating the worth of assets which are to be protected and the loss in value if those assets are compromised. The formal manner to document this is called as cost benefit analysis or economic feasibility study. Items which impact cost of a control or safeguard include: cost of development; implementation cost; service costs; training fees; cost of maintenance.

Benefit is the value an organization realizes by using controls to avoid losses associated with vulnerability. Asset valuation is the process of assigning financial value or worth to every information asset; there are several components to asset valuation.

Once worth of various assets is anticipated, potential loss from exploitation of vulnerability is examined. Process results in approximation of potential loss per risk. Expected loss per risk stated in equation given below:

Annualized loss expectancy (ALE) equals Single loss expectancy (SLE) TIMES Annualized rate of occurrence (ARO),Here SLE is equal to asset value times exposure factor (that is EF).


Related Discussions:- Cost benefit analysis (cba)-information security

Explain the rsa algorithm, Question: (a) What is the minimum length of...

Question: (a) What is the minimum length of a password that could be considered to be "strong" in the context of today's computing power? (b) The security of a PIN system,

Implement security measures, Problem (a) Give two reasons for companie...

Problem (a) Give two reasons for companies to implement security measures. (b) What is the regulatory expectation regarding i. healthcare information, ii. financial

Bus topology, BUS TOPOLOGY In a bus topology all devices are attached ...

BUS TOPOLOGY In a bus topology all devices are attached to a single long cable and any device can send data to any other device. For this function, coordination is needed to d

Plaintext, how to encryt the data in plaintext cipher

how to encryt the data in plaintext cipher

Describe how ipsec provides data source authentication, Question: (a) ...

Question: (a) Describe how IPSec provides data source authentication. (b) Which protocol can be used to provide limited traffic analysis confidentiality? Why is it "limite

Negative cycle algorithm in minimum cost flows, QUESTION: (a) Show the...

QUESTION: (a) Show the Negative Cycle Algorithm in Minimum Cost Flows. (b) List the steps added in finding a Negative Cycle. (c) Apply Dijkstra's algorithm on the subs

Risk identification-information security, Risk Identification Risk manag...

Risk Identification Risk management comprises of identifying, classifying and prioritizing organization’s information assets, threats and vulnerabilities also. Risk Identificati

Introduction to physical security, INTRODUCTION TO PHYSICAL SECURITY The...

INTRODUCTION TO PHYSICAL SECURITY The Physical security addresses design, execution, and maintenance of countermeasures which protect physical resources of an organization. The

Firewalls-information security, Firewalls A firewall in an information s...

Firewalls A firewall in an information security program that prevents specific types of information from moving between the outside world and the inside world. The firewall may

Important features of application layer, Describe the important features of...

Describe the important features of application layer. The features of the application layer are as follows. 1. Efficient User Interface Design is explained below: Appli

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd