The breached financial cost is an example of what component of risk calculations?

When assessing risks, impact refers to the potential consequences or harm that may occur if a risk event happens. In this case, the breached financial cost represents the negative impact that could result from a security breach or data breach. It quantifies the potential financial loss or damages that could occur as a result of the risk event.
Probability, on the other hand, refers to the likelihood or chance that a risk event will occur. Risk severity typically encompasses a broader understanding of the overall seriousness or significance of a risk, considering both its impact and probability.