(7) Implementing Risk Management Procedures

In a minimum of 550 words and using the provided references, answer the following questions:

– Why has risk modeling become pervasive in the security management professions?
– Why do you believe that MSRAM has become a favored Risk Management tool?

Support your answers using the attached documents and URLs:

https://www.brookings.edu/opinions/what-statistics…

https://www.chds.us/ed/items/306