Risk Analysis Quiz

• Fault Tree Analysis (FTA) breaks out failure scenarios into internal and external conditions.
• FTA is used in banks to analyze a chain of failures leading to major losses.
• Joint probability of occurrence is the multiplicative of separate probabilities.
• Conditional probabilities need to be applied to get a more realistic sense of probability.
• Causal analysis estimates risk factor probabilities from third-party and empirical information.
• Factor Analysis of Information Risk (FAIR) breaks risks into individual factors.
• FAIR considers determining, measuring, and computationally combining risk factors.
• Scenarios have attributes of asset at risk, threat, threat type, and losses occurring.
• Estimates must be made for the frequency and likely loss amounts of scenarios.
• Monte Carlo simulations output the distribution of simulated losses.

Test your knowledge of Risk Analysis with this informative quiz! From Fault Tree Analysis to Monte Carlo simulations, this quiz covers important topics in the field. Learn about the joint probability of occurrence, conditional probabilities, and causal analysis, as well as how Factor Analysis of Information Risk (FAIR) breaks down risks into individual factors. With this quiz, you'll explore the attributes of scenarios and how to estimate the frequency and likely loss amounts. Sharpen your skills and test your expertise with this Risk Analysis quiz!