Question: InstructionsAs a key step in developing the risk management plan, a company has conducted a quantitative risk assessment based on monetary values. Specifically, the company
InstructionsAs a key step in developing the risk management plan, a company has conducted a quantitative risk assessment based on monetary values. Specifically, the company has identified twelve major threat categories and assessed each threat's monetary impact using quantitative metrics. The table below demonstrates partial information about these calculations.Threat categorySLERate of frequencyAROALE Internal hardware failure$ per week DDoS attack$ per year Phishing attack$ per week Citywide power outage$ per quarter Employee vandalism$ per months Bruteforce attack$ per month Data manipulation$ per year Ransomware$ per week Eavesdropping$ per quarter Tornado$ per years Based on the information provided in the table, calculate and report the AROs and ALEs. Fill in the table. Assuming that the asset value related to threat category # is $ what would be the expected exposure factor percentage used to calculate the SLE given in the table above? After investing in a nextgeneration firewall NGFW as a risk control, the rate of frequency for threat category # has reduced to one every six months. What will be the adjusted ALE for this threat category? How can this company use the ALEs calculated in the table above for risk management? In other words, what insights can the company draw from these values? Explain it in one paragraph. Using the following formula to perform a costbenefit analysis CBA the company is calculating whether investing in this risk control technology NGFW which costs $ annually, is costeffective to mitigate the attack. A positive CBA number indicates a costeffective investment, and a negative number indicates a poor investment.CBA ALEprecontrol ALEpostcontrol ACSWhere, ALE precontrol the annualized loss expectancy of the risk before the implementation of the risk control ALE postcontrol the ALE examined after the risk control has been in place for a period of time Annual Cost ACS the annual cost of the risk controlBased on the formula, what is the CBA in this scenario? Is it costeffective for the company to invest in this security technology? Explain your reasoning.
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