Question: Your current system is deemed to be 80% reliable. A major threat has been identified with am impact of $1,000,000. Two control procedures exist to
Your current system is deemed to be 80% reliable. A major threat has been identified with am impact of $1,000,000. Two control procedures exist to deal with the threat. Implementation of control A would cost $90,000 and reduce the likelihood to 10%. Implementation of control B would cost $120,000 and reduce the likelihood to 5%. Implementation of both controls would cost $200,000 and reduce the likelihood to 2%. Given the data, and based on solely an economic analysis of costs and benefits, what should you do?
| Implement A only | ||
| Implement B only
| ||
| Implement Both A&B | ||
| Do no implement any of the procedures |
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