A retailer's customer database, which is crucial to their operations, has an assessed value of $100,000. During a risk analysis, it was determined that a specific vulnerability could potentially cause the loss of half of the value of this database. What is the estimated monetary loss for a single occurrence of this event?
To calculate the estimated monetary loss for a single occurrence of a threat, one should multiply the asset's total value by the percentage that represents the potential loss (also known as the exposure factor). For the retailer's customer database with a calculated value of $100,000, a threat causing the loss of half its value equates to a 50% exposure. Multiplying $100,000 by 50% (or 0.5), the outcome is $50,000, which would be the financial impact for a single occurrence of this event.
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