Response to Peer Post (30)
Response to Peer Post
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Response to Peer Post
From a personal stance, this is a superb way of defining risk, and I like the example you have given because it allows the reader of your post to visualize the demarcation between vulnerability, risk, and threat are. I agree with your argument that in the hacking scenario, the hacking itself is the risk as it is the threat-causing action that can expose an organization to harm, danger, and loss, hence necessitating prevention by the firm. However, I have slightly different perspectives as regards your suggestions of what the threat and vulnerability are. For me, I think that the threat is not “being hacked” as you say but rather the possible loss of and damage to client information emanating from being hacked. Also, my understanding of vulnerability is not the “networks and systems” as you say but rather the weaknesses, gaps, or design defects in these networks and systems, which hackers exploit to hack into the organization’s databases and gain unauthorized access to clients’ information. Nevertheless, you conveyed wonderful thoughts about these concepts.
