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CRISC IT Risk Assessment Practice Question

In the FAIR framework, what does Loss Event Frequency (LEF) represent?

Answer choices

Why each option matters

Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.

Correct answer & explanation

The expected number of loss events per year

LEF is the product of Threat Event Frequency (TEF) and Vulnerability (V), representing how often a loss event is expected to occur.

Answer analysis

Option-by-option breakdown

For each option: why learners choose it and why it is or isn't the right answer here.

  • The number of threat events per year

    Why it's wrong here

    That is Threat Event Frequency (TEF), not LEF.

  • The expected number of loss events per year

    Why this is correct

    LEF = TEF × V, giving the frequency of losses.

  • The probability that a threat event will result in a loss

    Why it's wrong here

    That is Vulnerability (V).

  • The total financial loss per event

    Why it's wrong here

    That is Loss Magnitude (LM).

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JA

Written by Johnson Ajibi, MSc IT Security

Senior Network & Security Engineer · founder of Courseiva

This CRISC practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CRISC exam.