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Mar 19
To calculate the risk of potential threats, you can use the following formula:
Risk = Likelihood x Impact
1. Likelihood: This refers to the probability of a threat occurring. You can assess the likelihood based on historical data, expert opinions, or risk assessments.
2. Impact: This refers to the potential consequences or harm that could result from the threat. This can include financial losses, damage to reputation, or harm to individuals.
By multiplying the likelihood and impact together, you can determine the overall risk level of a potential threat. This can help you prioritize and allocate resources to mitigate the most significant risks.
Risk = Likelihood x Impact
1. Likelihood: This refers to the probability of a threat occurring. You can assess the likelihood based on historical data, expert opinions, or risk assessments.
2. Impact: This refers to the potential consequences or harm that could result from the threat. This can include financial losses, damage to reputation, or harm to individuals.
By multiplying the likelihood and impact together, you can determine the overall risk level of a potential threat. This can help you prioritize and allocate resources to mitigate the most significant risks.
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