Richman provides smartphones to certain employees. Management is willing to buy insurance for each smartphone if it is cost-effective and wants you to perform a quantitative risk assessment to help it make a decision. In addition, management is concerned about the security of its customer data and would like you to perform a qualitative risk assessment that determines the risk level of the following:

Unauthorized access by an external party

Sabotage by an internal employee

Hardware failures

Get going, be quick, and good luck!

Regards,

Jeff Collins

System Administrator

Richman Investments

Consider all the factors that contribute to the challenge.

For the two scenarios given, perform qualitative and quantitative risk assessment.

Do a self-review of the answers.