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

Risk determination, Risk Determination For purpose of relative risk asse...

Risk Determination For purpose of relative risk assessment, risk equals probability of vulnerability occurrence TIMES value MINUS percentage risk already controlled PLUS an elem

Legal, LEGAL, ETHICAL AND PROFESSIONAL ISSUES To minimize liabilities an...

LEGAL, ETHICAL AND PROFESSIONAL ISSUES To minimize liabilities and reduce risks, information security practitioner should: •    to understand current legal environment •    to s

Ethernet network, QUESTION : a) A datagram of 3000 bytes has to travel...

QUESTION : a) A datagram of 3000 bytes has to travel over a network with a MTU size of 1000 bytes. Describe how fragmentation can be used to solve this problem. You should pr

Cyber troll case, According to the case, The EZ Company introduced a new te...

According to the case, The EZ Company introduced a new technology, focusing on the principles of informationintegration and visualization. The company started negotiatinga saleto a

Plain-text using play-fair encryption, What is one-time pad for encryp...

What is one-time pad for encryption?  Describe how it offers both Confusion and Diffusion. Using the letter encoding discussed in class (along with one-time

Explain the various costs of quality, Problem 1: Show what are the bene...

Problem 1: Show what are the benefits of project quality management? • Customer satisfaction • Reduced cost • Increased competitiveness • Fulfilment of social and economic r

Ip datagram, IP DATAGRAM Various options can be included to IP header,...

IP DATAGRAM Various options can be included to IP header, e.g., source route, record route and timestamp. Header with no function has H. LEN field value 5; data starts immedia

802.11 wireless lans and csma/ca, 802.11 WIRELESS LANs AND CSMA/CA:  ...

802.11 WIRELESS LANs AND CSMA/CA:  IEEE 802.11 is standard wireless LAN that needs radio signals at 2.4GHz. Its speed is 11Mbps. The older computers use radio signals at data

Network design approach, Problem a) Give three reasons why traditional ...

Problem a) Give three reasons why traditional Network Design approach is less appropriate for many of today's networks? b) The network requires of users are organized into m

Distinguish between a mobile agent state and code, Question: (a) Disti...

Question: (a) Distinguish between a mobile agent "state" and "code". (b) Differentiate between "weak" and "strong" mobility. (c) Mobile agent systems are known to have

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