How would you use quantitative risk analysis

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Reference no: EM133225831

Quantity Risk Analysis

Employees in ABC inc have been given mobile devices and off late there too many reports of lost or stolen devices. Every month, there is at least one such incident and the estimate cost of each device is $700. If we were to consider the cost of data contained within the devices, it is estimated at $400 per device. Each time a device goes missing, there is a risk of 100% data exposure due to lack of any protection on the data currently. You are looking to purchase a countermeasure that can encrypt content and track these devices when they are missing and it will cost the company a flat $5000 per year for all the devices. After installing this service, the number of incidents has drastically come down to 2 and the data exposure risk has also been significantly reduced to 30%. If you are to make a decision for your company to purchase them, how would you use quantitative risk analysis to support your decision?

Reference no: EM133225831

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