Information ownership is the most important factor when determining who can accept the risk associated with a vulnerability. Information ownership is the concept that assigns the roles and responsibilities for the creation, maintenance, protection, and disposal of information assets within an organization. Information owners are the individuals or entities who have the authority and accountability for the information assets, and who can make decisions regarding the information lifecycle, classification, access, and usage. Information owners are also responsible for accepting or rejecting the risk associated with the information assets, and for ensuring that the risk is managed and communicated appropriately. Information owners can delegate some of their responsibilities to other roles, such as information custodians, information users, or information stewards, but they cannot delegate their accountability for the information assets and the associated risk. Countermeasure effectiveness, type of potential loss, and incident likelihood are not the most important factors when determining who can accept the risk associated with a vulnerability, although they are relevant or useful factors. Countermeasure effectiveness is the measure of how well a security control reduces or eliminates the risk. Countermeasure effectiveness can help to evaluate the cost-benefit and performance of the security control, and to determine the level of residual risk. Type of potential loss is the measure of the adverse impact or consequence that can result from a risk event. Type of potential loss can include financial, operational, reputational, legal, or strategic losses. Type of potential loss can help to assess the severity and priority of the risk, and to justify the investment and implementation of the security control. Incident likelihood is the measure of the probability or frequency of a risk event occurring. Incident likelihood can be influenced by various factors, such as the threat capability, the vulnerability exposure, the environmental conditions, or the historical data. Incident likelihood can help to estimate the level and trend of the risk, and to select the appropriate risk response and security control.
