From: cwright@bdosyd.com.au
Date: Mon Dec 10 2007 - 19:51:46 EST
The real example of a quantitative risk assessment is to create a Bayesian prior based on the figures from the firm, an industry trend and other data. Trend data for malware can be formulated using a heteroscadestic trending of the time series data for infections coupled with a fragility / survival algorithm.=20
The issue is that although an extremely accurate risk profile can be developed, is that it is:
1 Costly
2 Few people will know what I am referring to let alone be able to
do this.
Hence, we end up with qualitative risk approximates and risk analysis remains an art rather then developing into a science.=20
Regards,
Dr Craig Wright (GSE-Compliance)
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