Richman provides smartphones to certain employees. Management is willing to buy insurance for each smartphone if it is cost-effective and wants you to perform a quantitative risk assessment to help it make a decision. In addition, management is concerned about the security of its customer data and would like you to perform a qualitative risk assessment that determines the risk level of the following:
Unauthorized access by an external party
Sabotage by an internal employee
Hardware failures
Get going, be quick, and good luck!
Regards,
Jeff Collins
System Administrator
Richman Investments
Consider all the factors that contribute to the challenge.
For the two scenarios given, perform qualitative and quantitative risk assessment.
Do a self-review of the answers.