1. [TCO B] Which of the following best describes Risk Analysis?

Risk Analysis is a method/approach to evaluate the potential loss of IT assets given a disaster incident.

Risk Analysis allows us to identify areas of possible business improvement.

Risk Analysis is a process that is conducted to simply impress auditors.

Risk Analysis is a process that is based on regulatory requirements.

Question 2.

2. [TCO A] Explain the formula for assessing risk (Threat x Likelihood = Inherent risk). Provide an example.

Question 3.

3. [TCO B] Two weeks ago, Omega experienced a significant loss of proprietary data, estimated value $550,000.00, that was stored electronically in an Oracle database in their main office in Reston. The data was unrecoverable and backups were not being routinely maintained, so no restoration was possible. Although there is no hard evidence, Omega's CTO believes that the loss resulted from deliberate deletion of files by a systems administrator from the Kansas City office who had been "let go" several weeks prior to the loss. Needless to say, the CTO has been tasked to "get things under control."

Using the TAM, describe what happened here. Identify other potential vulnerabilities to the asset and potential threat agents.

Question 4.

4. [TCO C,D,E] Assess the FiveGoals of conducting a BIA. Identify each of them and describe their importance.

Question 5.

5. [TCO C,E] Describe Recovery Time Objective and its effect on the recovery strategy.

Running head: CYBER SECURITY RISKS ASSESSMENT AND RELATED CONCEPTS 1 Cyber Security Risks Assessment and Related ConceptsStudents Name:Institution:Date: CYBER SECURITY RISKS ASSESSMENT AND...