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

Evaluations, Evaluations, Assessment, and Maintenance of Risk Controls W...

Evaluations, Assessment, and Maintenance of Risk Controls When the control strategy has been implemented, it should be monitored and measured on an ongoing basis to determine ef

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,

Principles of information security, The key concepts and frameworks covered...

The key concepts and frameworks covered in modules 1-4 are particularly relevant for this assignment. Assignment 2 relates to the specific course learning objectives 1, 2 and 3:

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

Briefly explain the contents of the needs analysis, QUESTION (a) Brief...

QUESTION (a) Briefly explain the contents of the Needs Analysis, which is step in the process of network design. (b) Describe on the three ways of improving the performan

Pcm encoder, You have been asked to setup a remote temperature sensing syst...

You have been asked to setup a remote temperature sensing system for an electric furnace. The system consists of a sensor unit which feeds an analogue signal to a PCM encoder. The

Marketing, what are the participant of marketing channal?

what are the participant of marketing channal?

How an attacker can effectively de-layer and analyse data, Around the globe...

Around the globe the bank controlled Co-ops (Visa, MasterCard, Discover, and American Express) have rolled out millions of smart cards under the EMV (Europay, MasterCard, VISA) sta

Tree decomposition, (a) Define what you understand by the following terms ...

(a) Define what you understand by the following terms in Network Flows: i) UnDirected Path ii) Directed Path iii) Directed Cycle. iv) Tree In each of the above, expla

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