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Qualitative Risk Assessment Probability: The likelihood that a threat will exploit a vulnerability. Probability can use a scale of low, medium, and high, assigning percentage values to each. Impact: The negative result if a risk occurs. You can use low, medium, or high to describe the impact. You can calculate the risk level using the following formula: Risk Level = Probability X Impact Scenario 2: Richman Investments is concerned about the security of its customer data. Management has determined that the three primary risks the company faces in protecting the data are as follows: Unauthorized access by an internal party Sabotage by a contract employee Software failures After surveying key individuals in the company, Richman calculated the probability and impact of each risk, as shown in the table below. Calculate the risk level for each risk: Remember, although probability is given as a whole number, given that it is a probability, it must be calculated as a percent. If you do not perform the calculation using probability as a percent, you will receive no credit . If your answer in the right column is a percent and not a number, you will receive no credit. Risk Level MUST be entered as a number Category Probability Impact NOT as a percentage. A real number (not necessarily a whole number, may be a decimal result) Unauthorized access by an internal party 35 60 Sabotage by a contract employee 30 75 Software failures 60 80