RE: Getting the value of an asset and the probability of a risk to it




See
http://www-stat.wharton.upenn.edu/~steele/Courses/434/434index.html
http://home.ubalt.edu/ntsbarsh/opre640a/partIX.htm
http://psc.maths.lancs.ac.uk/e-learning/

These will get you started.


Craig Wright
Manager, Risk Advisory Services

Direct : +61 2 9286 5497
Craig.Wright@xxxxxxxxxx
+61 417 683 914

BDO Kendalls (NSW-VIC) Pty. Ltd.
Level 19, 2 Market Street Sydney NSW 2000
GPO BOX 2551 Sydney NSW 2001
Fax +61 2 9993 9497
http://www.bdo.com.au/

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-----Original Message-----

From: listbounce@xxxxxxxxxxxxxxxxx [mailto:listbounce@xxxxxxxxxxxxxxxxx] On Behalf Of rivestp@xxxxxxxx
Sent: Saturday, 17 May 2008 5:19 AM
To: security-basics@xxxxxxxxxxxxxxxxx
Subject: Getting the value of an asset and the probability of a risk to it

Currently doing my CISA and i have one small question, how do you do a quantitative risk assesment.
Qualitative i understand, low,med,high or 1-10. but a quantitative risk assessment is harder and a bit more complex

A) I know that first you need to identify your assets
B) Then you have to identify the asset value for the enterprise (first problem)
C) Then you have to identify the risks that your asset have
D) You have to identify the impact and probability of these risk (my main question is how to do this)
E) You then have to calculate the risk per asset which is clear to me.

The stage B and D are unclear as to HOW do you affect a value to a server, computer asset, data and so on. Also how/what would you use to identify the probability of a risk.

Last question, i understand that the human are the enterprises most valuable asset. If so, how much would one value's anothers life in a quantitative evaluation. Also in link to this question, if you value the life of someone to X, would you stop investing in protection at X or X-1$ or would you go as far as you can (considering that this could put a serious bill up). Would you consider human in a risk assesment?

Thanks a lot for all the info i may get

**And to all who are going for CISA/CISM in june, keep it up :P

Merci

Philippe Rivest, Certified Ethical Hacker
in a quant?eaW??



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