How to calculate residual risk?
The general formula to calculate residual risk is: Inherent risk is the amount of risk that exists in the absence of controls or other mitigating factors that are not in place. It is also known as the risk before controls or gross risk.
What are the core elements of risk management in CISSP?
As far as CISSP is concerned, the candidate must know all the core elements of risk management that include control. Risk control is a safeguard or countermeasure that reduces the risk associated with a specific threat. The absence of a safeguard against a threat creates vulnerability and increases the risk.
What are the risk management triples in CISSP?
The threat, vulnerability and assets are known as the risk management triples. It is the main concept that is covered in risk management from the CISSP exam perspective. Risk can never be completely eliminated. Any system or environment, no matter how secure, can eventually be compromised.