Episode 6 — Practice Risk Fundamentals: Likelihood, Impact, and Risk Treatment Choices
Risk management is the language of executive leadership, and this episode deconstructs the fundamental principles of likelihood, impact, and risk treatment. We explain how to calculate risk by evaluating the probability of a threat occurring against the severity of the resulting damage to the business. The episode details the four primary risk treatment choices: avoidance, transference, mitigation, and acceptance, providing clear examples of when each strategy is professionally appropriate. We discuss the concept of residual risk—the danger that remains after all controls have been applied—and the importance of staying within the organization's stated risk appetite. This knowledge is essential for making defensible security recommendations and for prioritizing the limited resources of a security team. By the end of this session, you will be able to translate complex technical vulnerabilities into clear, actionable risk statements that support informed business decision-making. Produced by BareMetalCyber.com, where you’ll find more cyber audio courses, books, and information to strengthen your educational path. Also, if you want to stay up to date with the latest news, visit DailyCyber.News for a newsletter you can use, and a daily podcast you can commute with.
