1. A company has resource XYZ. If there is a breach of security, the company may face a fine of $100,000 and pay another $20,000 to clean up the breach. The company believes that an attack is likely to be successful about once every 5 years. A proposed countermeasure should cut the frequency of occurrence in half. How much should the company be willing to pay for the countermeasure? (Hint: use the Classic Risk Analysis Calculation presented in Chapter 2). SHOW ALL WORK!!
1. a. What security functions are typically outsourced?
2. b. What security functions are not outsourced?
3. What are the four ways to respond to risk? Describe each one briefly.
4. What are the three elements of the fraud and abuse triangle? Give short examples of each.