Estimating Probability

I have found that asking people to estimate the probability of a risk occurring as a percentage leads to them performing a pseudo-mathematical calculation in their head (System 2 thinking I suspect) which often ends up with a fairly high probability being estimated, especially when compared to base rates. However,…

Stifling, Suffocating, Security?

Security risk management requires balancing a number of stakeholders needs. The risk owners, ultimately a board of directors of an institution, set a risk appetite (whether implicitly or explicitly) , the business managers and leaders then seek to operate within that appetite to drive growth or deliver their mission. There…