Richman provides smartphones to certain employees. Management is willing to buy insurance for each
smartphone if it is cost-effective, and wants you to perform a quantitative risk assessment to help it make a
In addition, management is concerned about the security of its customer data and would like you to perform
a qualitative risk assessment that determines the risk level of the following:
Unauthorized access by an external party
Sabotage by an internal employee
You will be provided a worksheet that details the assignment. Good luck!
ConsiderationsThe following is a list of tasks you need to perform in this assignment, which is in two parts:
Quantitative Risk Assessment of Buying Insurance for Smartphones
Calculate the values for the SLE, ARO, and ALE.
Determine the effectiveness of the safeguard that insurance provides.
Determine whether or not Richman should buy the insurance. Justify your answer.
Qualitative Risk Assessment of the Security of Customer Data
Calculate the risk level of each of the risks given in the scenario in the worksheet. (attached)
Prioritize the given risks.
Create an effective risk matrix for the given scenario.