Risk Tolerance - Revision history

Tom at 23:47, 10 February 2025

2025-02-10T23:47:59Z

Tom: /* Risk Taking */

2025-02-10T23:43:50Z

‎Risk Taking

Tom: /* References */

2025-02-10T23:40:59Z

‎References

Tom: /* References */

2025-02-10T23:40:35Z

‎References

Tom: /* Taxonomy */

2023-01-01T06:07:25Z

‎Taxonomy

Tom: /* Taxonomy */

2023-01-01T06:03:11Z

‎Taxonomy

Tom: /* Other Material */

2023-01-01T05:39:17Z

‎Other Material

Tom: Created page with "===Other Material=== * The wiki page on Privacy Risk shares some content with this page as privacy risk is becoming a significant factor in Conduct Risk. * The wiki pa..."

2022-12-31T20:13:55Z

Created page with "===Other Material=== * The wiki page on Privacy Risk shares some content with this page as privacy risk is becoming a significant factor in Conduct Risk. * The wiki pa..."

New page

===Other Material===
* The wiki page on [[Privacy Risk]] shares some content with this page as privacy risk is becoming a significant factor in [[Conduct Risk]].
* The wiki page on [[Privacy Tolerance]] speaks to a particular area where [[Conduct Risk]] can help select an appropriate acceptance level for risk.

[[Category: Glossary]]
[[Category: Trust]]
[[Category: Assurance]]
[[Category: Vulnerability]]
[[Category: Risk]]

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 ==Risk Taking==
-Successful risk takers are good at [[Risk Analysis]]<ref>Nate Silver ''On the Edge'' ISBN 9781594204128</ref><blockquote>they are Bayesians, comfortable quantifying their intuitions an working with incomplete information.</blockquote>
+Successful risk takers are good at [[Risk Analysis]]<ref>Nate Silver (2024) ''On the Edge''  ISBN 9781594204128</ref><blockquote>they are Bayesians, comfortable quantifying their intuitions an working with incomplete information.</blockquote>
 ==References==
@@ Line 21: / Line 21: @@
 ===Other Material===
 * The wiki page on [[Privacy Risk]] shares some content with this page as privacy risk is becoming a significant factor in [[Conduct Risk]].
 * The wiki page on [[Privacy Tolerance]] speaks to a particular area where [[Conduct Risk]] can help select an appropriate acceptance level for risk.

@@ Line 15: / Line 15: @@
 ==Risk Taking==
-Successful risk takers are good at [[Risk Analysis]]<ref>Nate Silver ''On the Edge'' ISBN 9781594204128</ref>
+Successful risk takers are good at [[Risk Analysis]]<ref>Nate Silver ''On the Edge'' ISBN 9781594204128</ref><blockquote>they are Bayesians, comfortable quantifying their intuitions an working with incomplete information.</blockquote>
 ==References==

@@ Line 18: / Line 18: @@
 ==References==
+<references />
 ===Other Material===
 * The wiki page on [[Privacy Risk]] shares some content with this page as privacy risk is becoming a significant factor in [[Conduct Risk]].

← Older revision		Revision as of 23:40, 10 February 2025
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	'''Time Frame''' the amount of time for which a risk calculation is made. If the probably of devastating cyber-attack is 1 % per month, that works out to 3 % per quarter, 12% per year (number rounded for simplicity). As it can be seen if an executive needs to get a good quarterly result to earn a bonus, she has little incentive to spend money to reduce risk with a low near-term probability.		'''Time Frame''' the amount of time for which a risk calculation is made. If the probably of devastating cyber-attack is 1 % per month, that works out to 3 % per quarter, 12% per year (number rounded for simplicity). As it can be seen if an executive needs to get a good quarterly result to earn a bonus, she has little incentive to spend money to reduce risk with a low near-term probability.
		+
		+	==Risk Taking==
		+	Successful risk takers are good at [[Risk Analysis]]<ref>Nate Silver ''On the Edge'' ISBN 9781594204128</ref>

	==References==		==References==

← Older revision		Revision as of 06:07, 1 January 2023
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	'''Resilience''' the ability to recover from an unexpected problem.		'''Resilience''' the ability to recover from an unexpected problem.
		+
		+	'''Efficiency''' the opposite of Resilience.

	'''Complacency''' the belief that if you have not been successfully attacked in the last year that you will not be in the coming year either. In other word risk tolerance will become greater every year that you are not successfully attacked.		'''Complacency''' the belief that if you have not been successfully attacked in the last year that you will not be in the coming year either. In other word risk tolerance will become greater every year that you are not successfully attacked.

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 '''Resilience''' the ability to recover from an unexpected problem.
 '''Time Frame''' the amount of time for which a risk calculation is made. If the probably of devastating cyber-attack is 1 % per month, that works out to 3 % per quarter, 12% per year (number rounded for simplicity). As it can be seen if an executive needs to get a good quarterly result to earn a bonus, she has little incentive to spend money to reduce risk with a low near-term probability.
 ==References==

← Older revision		Revision as of 05:39, 1 January 2023
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		+	==Full Title or Meme==
		+	The amount of risk an entity is willing to take to earn a reward.
		+
		+	==Taxonomy==
		+
		+	'''Risk Appetite''' the level of uncertainty a company is willing to assume given the corresponding reward associated with the risk. A company with a high-risk appetite would be a company accepting more uncertainty for a higher reward, while a company with a low-risk appetite would seek less uncertainty, for which it would accept a lower return.
		+
		+	'''Resilience''' the ability to recover from an unexpected problem.
		+
		+	'''Time Frame''' the amount of time for which a risk calculation is made. If the probably of devastating cyber-attack is 1 % per month, that works out to 3 % per quarter, 12% per year (number rounded for simplicity). As it can be seen if an executive needs to get a good quarterly result to earn a bonus, she has little incentive to spend money to reduce risk with a low near-term probability.
		+	==References==
		+
	===Other Material===		===Other Material===
	* The wiki page on [[Privacy Risk]] shares some content with this page as privacy risk is becoming a significant factor in [[Conduct Risk]].		* The wiki page on [[Privacy Risk]] shares some content with this page as privacy risk is becoming a significant factor in [[Conduct Risk]].