Cost and Benefit Analysis

Do a cost and benefit analysis for the following company. Ebidding company has an ecommerce website that generate $500,000 per year. Calculate the annualized rate of occurrence (ARO) and annualized loss expectancy (ALE) for each risk: Category Cost per incident Frequency of occurrence Programming errors $1,000 2 per week Information theft(hacker) $2,000 1 per quarter Information theft(employee) $5,000 1 per year Viruses $1,000 1 per year Denial of service attacks $3,500 1 per 6 month Natural diaster $100,000 1 per 20 years
Note: Make sure to convert frequency of occurrence to yearly base. One-year past calculate the cost and benefit of controls that have been in place. Please provide a clear explanation of your calculation. Category Cost per incident Frequency of occurrence Cost of control Type of control Programming errors $1,000 2 per week $2500 Training Information theft(hacker) $2,000 1 per quarter $10,000 Firewall Information theft(employee) $5,000 1 per year $10,000 Physical security Viruses $1,000 1 per year $10,000 Anti-virus Denial of service attacks $3,500 1 per 6 month $10,000 Firewall Natural diaster $100,000 1 per 20 years $15,000 Insurance

 

 

 

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