Definition of Risk in Information Security:
Risk is a measure of the potential loss and the likelihood of that loss occurring. It is typically
calculated using the formula:
Risk = Probability x Impact
Components Explained:
Probability: The likelihood of a threat materializing.
Impact: The magnitude of the potential harm or loss if the threat materializes.
Supporting Reference:
EC-Council CCISO materials use this formula to guide risk assessments and decision-making
processes, aligning with industry standards such as NIST SP 800-30.
