What is the definition of Risk in Information Security?

 Definition of Risk in Information Security:

Risk is a measure of the potential loss and the likelihood of that loss occurring. It is typically calculated using the formula:Risk = Probability x Impact

 Components Explained:

Probability: The likelihood of a threat materializing.

Impact: The magnitude of the potential harm or loss if the threat materializes.

 Supporting Reference:

EC-Council CCISO materials use this formula to guide risk assessments and decision-making processes, aligning with industry standards such as NIST SP 800-30.