Risk and Security

Risk and Security

Introduction

Risk is the probability of an adverse event and its consequences. Risk is a difficult concept to define but generally, we can say that this is a contingency that is undesirable and is likely to harm. In general, the risk is an indicator of the condition or event which may lead to losses. It is proportional to the probability of this event and the size of the losses that may result from particular activity. Risks are a part of life and everyone must be able to cope up with the associated risks. The risk is present in any act contingent or uncertainty, and as such is only possible to estimate the probability of occurrence and make a prediction that can be accurate. Business mainly encounters risks in the area of finance. The concept of risk in the financial sector can be classified in many ways, each of which causes particular theories and analysis and also different.

Security

Throughout history, man has always wanted to have a sense of feeling safe with a maximum degree of calmness and confidence so that his life, his property, his family and all the activities are not affected. That is the reason why the primary activity of the first inhabitants of the planet was oriented toward hunting as a livelihood; they saw the need to come together in small tribes or communities to protect themselves from the onslaught of animals fierce. Despite having very few assets to protect, these first settlers adopted some protective measures to prevent them so that they are not stolen by other tribes, among which was included the product of hunting (Landoll 2006, 22-120). This action was performed many times by other tribes whose members were skilled hunters and in this sense it was imposing the use of force over the weak. This, of course, forced the man to create and adopt new security measures, if somewhat rudimentary, meet their security needs.

Security refers to a state that is liberated from unreasonable risks of harm and is considered to mitigate, minimize or eliminate risks. With this definition, security is based both on a single individual, as well as to other species, to inanimate physical objects or systems, as well as to abstract objects. In complex systems, it is impossible to completely eliminate risk. The acceptable risk for any type of damage depends on many factors and is also rated different subjectively and culturally. To reach the state of security, security concepts need to be developed and implemented effectively (Borodzicz 2005, 13-60).

General security is regarded only as a relative state of danger freedom and is always given only for a certain period in a specific environment or under certain conditions. In extreme cases, all safety precautions must be brought down by events that do not affect or can foresee (such as a meteorite). Security does not imply that hazard will be excluded completely, but only that it sufficiently (for example in comparison to the general "natural" risk ...