Cost/benefit analysis: A decision-making process often used in business and organizational settings to determine the feasibility and value of a proposed action or solution. It involves a thorough evaluation of the expected costs and potential benefits of an initiative. In the context of risk management, a cost/benefit analysis might be used to weigh the investment in security measures against the potential losses from security incidents.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D1: Information Security governance | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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