Description: Quantitative risk assessment is an analytical method that uses numerical values to measure and evaluate the risks associated with different threats and vulnerabilities in a security environment. This approach allows organizations to assign a quantitative value to risks, facilitating prioritization and informed decision-making. By collecting historical data, statistics, and mathematical models, probabilities of occurrence and the potential impact of adverse events can be calculated. This type of assessment is particularly useful in various organizational environments, where incident management and the protection of critical assets are paramount. By applying numerical metrics, analysts can identify patterns, assess the effectiveness of existing security measures, and justify investments in new technologies or processes. Quantitative risk assessment not only provides a clear view of the security status but also enables organizations to effectively communicate risks to stakeholders, fostering a more robust and proactive security culture.
