What is ALE? Calculate ALEfor each cases. Consider probability of small ATM fraud is five times higher thanthat of large ATM fraud. Loss typeAmountIncidence ALESWIFT* fraudTk. 20,000,000 0.005?ATM fraud (large) Tk. 250,0000.10ATM fraud (small) Tk. 20,000?Teller theftTk. 3,240300

ALE (annualized loss expectancy). In calculating risk, there are two general formulas that are…

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Engineering

Computer Science

What is ALE? Calculate ALE

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Question

What is ALE? Calculate ALE
for each cases. Consider probability of small ATM fraud is five times higher than
that of large ATM fraud.

Loss type
Amount
Incidence ALE
SWIFT* fraud
Tk. 20,000,000 0.005
?
ATM fraud (large) Tk. 250,000
0.10
ATM fraud (small) Tk. 20,000
?
Teller theft
Tk. 3,240
300

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