Question

Following the occurrence of a security incident affecting a network of computer systems, the afflicted company suffered immediate losses in excess of $10 million, a downtime in excess of a month, and with impacts felt across the entire company. Which of the following elements of the logic of loss refers to why this loss mattersA) Extent of Loss
B) Consequences of Loss
C) Appearance of Loss

Answer 1

Answer:

The element that relates to the why the loss matters is the consequence of the loss.

Explanation:

The logic of loss is a guideline that precscribes losses are to be considered either in monetary terms or in loss of life so as to permit analysis, on the basis of comparisons, management of risk and policy implementation. Usually, the following elements are identified during this process: cause, extent and consequence.

The cause relates to the damage involved, the extent relates to the size and duration and the consequence relates to the value that will pe lost, either in monetary terms or life. Hence, the importance of a loss is considered when one evaluates its consequences.