Question: Your current system is deemed to be 90% reliable. A major threat has been identified with an impact of 3 million. Two control procedures exist

Your current system is deemed to be 90% reliable. A major threat has been identified with an impact of 3 million. Two control procedures exist to deal with the threat. Implementation of control A would cost 100k and reduce the likelihood to 6%. Implementation of control B would cost 140k and reduce the likelihood to 4 %. Implementation of both controls would cost 220k and reduce the likelihood to 2%.

Given the data, and based solely on an economic analysis of costs and benefits, what should you do?

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