Risk Assessment
Methodology
Alcyon’s unique assessment methodology is based upon up-to-date research and analysis of terrorist capabilities, motivation and the trends of attacks, the product of which determines the assessed threat levels.
The Risk is represented as the product of the Threat, Vulnerability and Consequence of a given security breach.
This results in a risk-based decision-making calculation where the formula is:
Threat (T) x the Vulnerability (V) x the Consequence (C) of a successful attack scenario.
Risk-based decision-making
Other factors included are:
R = P x C, where
R = the risk of a security breach
P = the probability of a security breach, which is further defined as (T x V)
C = the consequences of a security breach
Assessment
In the context of the assessment of risks, Alcyon collects relevant information concerning potential targets; determines the specific threats faced; assesses the related vulnerabilities and consequences; and recommends means for mitigating the risks to a minimum.
Alcyon assessment methodology examines:
· The threat of large but infrequent attacks, as well as of smaller but more frequent attacks which could pose particular challenges to specific industries
· The vulnerability to attack, both in terms of accessibility as well as the ability to control the threats
· The human & economic consequence of different attack scenarios, including the impact of conventional & non-conventional attacks;
· The variation of risks across various economic, demographic and geographic sectors, as well as the way in which these risks can be mitigated.
Significant savings
Alcyon's unique terror & crime risk assessments can save corporations significant insurance-related expenses through the advanced assessment of a company's true risks and the recommendation of cost-efficient and effective mitigation strategies.
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