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Risk severity

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Definitions Edit

Risk severity is

[a] function of the risk exposure compared to the timeframe. The control agencies require risks of a certain severity to be escalated. Ranking of risks is often driven by severity.[1]
[a] combination of the likelihood of a damaging event actually occurring and the assessed potential impact on the organization's mission and goals if it does occur.[2]

References Edit

  1. California Office of Systems Integration, Definitions (full-text).
  2. Cybersecurity A Primer for State Utility Regulators, App. B.

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