Which of the following formula represents the risk levels?

The level of risk is typically calculated by considering the consequence (or impact) of an event and the likelihood (or probability) of its occurrence. The formula represents a fundamental risk assessment concept where risk is the product of the two factors:

Consequence (Impact): The outcome or result if a threat does exploit a vulnerability.

Likelihood (Probability): The chance that a given threat will exploit a vulnerability.

By multiplying these two factors, one can determine the level of risk, which helps in prioritizing risks and deciding on the appropriate level of controls and mitigation strategies.