I just read this great post by Rich Mogull titled FireStarter: The Only Value/Loss Metric That Matters. His basic argument, or at least the idea that I derived from it, is the following (all in my own words).So-called \"risk managers\" spend a lot of time imagining they can determine \"annualized loss expectancy\" by predicting how much an incident will cost. Forget all that nonsense. Before i... Read More
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