Which two types of factors are assessed in the Open FAIR quantitative risk analysis?

Prepare for the Open FAIR Level 1 Certification Exam. Utilize flashcards and detailed multiple choice questions with helpful hints and explanations. Ensure you ace your test!

In Open FAIR quantitative risk analysis, the focus is on evaluating factors that directly relate to the risk associated with particular assets and events. The correct answer identifies two critical components: threat event frequency and vulnerability.

Threat event frequency refers to how often a particular threat could potentially exploit a vulnerability. This assessment helps organizations understand how likely they are to face certain threats, allowing them to estimate potential risk more accurately.

Vulnerability, on the other hand, indicates the specific weaknesses within an organization that could be exploited when a threat occurs. By assessing both the frequency of threats and the vulnerabilities that exist, organizations can gain a clearer picture of the overall risk landscape and make informed decisions on how to manage and mitigate those risks effectively.

The other options, while they incorporate important elements of risk management in broader contexts, do not focus specifically on the key quantitative components of the Open FAIR model.

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