Security Basics mailing list archives
RE: Getting the value of an asset and the probability of a risk to it
From: Craig Wright <Craig.Wright () bdo com au>
Date: Wed, 21 May 2008 02:00:53 +1000
I would love to believe this. The unfortunate thing is, as politically incorrect as it is to say, the courts place a value on life daily. Depending on age, expectancy and education; life is worth between US$ 2.5 Million and 7 Million. A child less, a college grad more, a retired person... I do not like that this is the case, but it is a factor of economic reality. The cases that support this in law number in the thousands. I am unsure if I would answer in this way other than having drunk far too much after completing my LLM and having just arrived back. Both Government and commerce value life. We send people to war based on the economic impact. When I say we value life, the problem is that life is not priceless. Compared to many things, humans are cheap. This is why people who ignore these conventions become heros. When we think of life as more than an economic calculation, we start to understand real the value of life. Regards, Craig Craig Wright Manager, Risk Advisory Services Direct : +61 2 9286 5497 Craig.Wright () bdo com au +61 417 683 914 BDO Kendalls (NSW-VIC) Pty. Ltd. Level 19, 2 Market Street Sydney NSW 2000 GPO BOX 2551 Sydney NSW 2001 Fax +61 2 9993 9497 http://www.bdo.com.au/ The information in this email and any attachments is confidential. If you are not the named addressee you must not read, print, copy, distribute, or use in any way this transmission or any information it contains. If you have received this message in error, please notify the sender by return email, destroy all copies and delete it from your system. Any views expressed in this message are those of the individual sender and not necessarily endorsed by BDO Kendalls. You may not rely on this message as advice unless subsequently confirmed by fax or letter signed by a Partner or Director of BDO Kendalls. It is your responsibility to scan this communication and any files attached for computer viruses and other defects. BDO Kendalls does not accept liability for any loss or damage however caused which may result from this communication or any files attached. A full version of the BDO Kendalls disclaimer, and our Privacy statement, can be found on the BDO Kendalls website at http://www.bdo.com.au/ or by emailing mailto:administrator () bdo com au. BDO Kendalls is a national association of separate partnerships and entities. Liability limited by a scheme approved under Professional Standards Legislation. -----Original Message----- From: listbounce () securityfocus com [mailto:listbounce () securityfocus com] On Behalf Of krymson () gmail com Sent: Saturday, 17 May 2008 5:52 AM To: security-basics () securityfocus com Subject: Re: Getting the value of an asset and the probability of a risk to it I'm just going to nibble a bit. Typically speaking, the value of human life is an insurance or liability question. In terms of IT and security, the value of human life is above all else. Rather than try to actually value it, we just assume that and move on. <- snip -> Last question, i understand that the human are the enterprises most valuable asset. If so, how much would one value's anothers life in a quantitative evaluation. Also in link to this question, if you value the life of someone to X, would you stop investing in protection at X or X-1$ or would you go as far as you can (considering that this could put a serious bill up). Would you consider human in a risk assesment?
Current thread:
- RE: Getting the value of an asset and the probability of a risk to it, (continued)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 21)
- RE: Getting the value of an asset and the probability of a risk to it mark.pokorni (May 21)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 21)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 22)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 22)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 21)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 21)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 21)
- RE: Getting the value of an asset and the probability of a risk to it Craig Wright (May 20)