Reference no: EM131066366

1. Refer to the Case Study article in Cyber Risk/Target Breach "Data Breach at Target Began with Contractor".

a. Identify and briefly discuss one major type of pure risk faced by Target in this article. Remember that we discussed three type of pure risk in class.

b. Considering your answer to part (a) above, what is the peril? Briefly explain why it is the peril related to the risk you illustrated in part (a).

c. Identify one example of a hazard illustrated in the article. What type of hazard is being illustrated by your example and why? Be sure and explain your answer.

d. Explain why your answer is an example of a hazard in general. (2 points) ?For example, if you think there is a hazard in the article that is an example of a physical hazard, you should first explain why that hazard is an example of a physical hazard in particular and then explain why it would be an example of a hazard in general.

2. Refer to the bulk pack article in Case Studies - Toyota Faulty Accelerator: "Toyota Faulty Accelerator Settlement 2013". ?Recall our discussion in class concerning the cost or burden of risk. Also read about this concept in Chapter 1 of your text under the heading ‘Financial Consequences of Risk' on pages 1.12 - 1.14. You will need to see how our discussion is related to the reading in the text in order to answer this question properly. ?Identify and briefly discuss two examples of cost of risk illustrated in this article. Briefly explain why each example you chose from the article represents an element of the cost of risk.

3. To answer question 3, you will need to watch a pre-recorded lecture concerning Topic 2 AND read the discussion in Chapter 2 concerning ‘Methods of Loss Exposure Identification'. Again, refer to the Case Study article in Cyber Risk/Target Breach "Data Breach at Target Began with Contractor". ?Identify and briefly discuss one loss exposure identification method illustrated in this article. Make sure you state specifically what type of loss this method is seeking to identify.

4. Refer to the article in Topic 2-The Value of Risk Management: "The Only Lifeline was the Wal-Mart". ?Consider the discussion of Risk Management Program Goals in Chapter 2 of your textbook. Based on your reading of this article, identify and briefly discuss two specific examples of these goals that are illustrated in this article.