ACST8061 WEEK1NOTES Students Essayproperties and limitations of common risk measures, including Value at Risk (VaR) Tail Value at Risk (TVaR) Probability of ruin Expected shortfal Describe how to choose a suitable time horizon and risk discount rate Readings: ActEd ST9: Chapter 10 Sweeting: Ch2, section 1.6 Sweeting: Ch23, section 13.6 Sweeting: Ch25, section 15.4 Tim Higgins Enterprise Risk Management 2 - WEEK 1 Properties of Risk Measures A risk measure is an operation that assigns a value to a risk Coherence: Monotonicity If L1 ≤ L2… Show
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What ensures that only authorized parties can view information?A system's ability to ensure that only the correct, authorized user/system/resource can view, access, change, or otherwise use data. Integrity.
Which of the three protections ensures that authorized parties can view information whenever their are required to?Availability of information refers to ensuring that authorized parties are able to access the information when needed. Information only has value if the right people can access it at the right times.
Which of the following ensures that data is accessible to authorized users?Data availability means that information is accessible to authorized users. It provides an assurance that your system and data can be accessed by authenticated users whenever they're needed.
Which law requires banks and financial institutions to alert customers of their policies and practices in disclosing customer information?The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.
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