Like many forms of presenting facts, not least of all about risk, reducing complex and multifaceted information to a single figure does a dis-service to those affected. The classical risk equation is another example of this; summing, summing many hundreds of fluctuating variables to one figure.
Perhaps the saddest expression of this kind of approach to numerology is the stock market. We accept that the bulk of the economy is based on small companies but the stock exchanges have their "Top 100" or "Top 50" which are all large companies. Perhaps they do have an effect on the economy the same way that herd of elephants might, but the biomass of this planet is mostly made up, like our economy, of small things.
The financial loss of internet fraud is non-trivial but not exactly bleeding us to death. Life goes on anyway and we work around it. But it adds up. Extrapolated over a couple of hundred years it would have the same financial value as a World Killer Asteroid Impact that wiped out all of human civilization. (And most of human life.)
A ridiculously dramatic example, yes, but this kind of reduction to a one-dimensional scale such as "dollar value" leads to such absurdities. Judges in court cases often put dollar values on human life. What value would you put on your child's ?
We know, based on past statistics, the probability that a US president will be assassinated. (Four in 200+ years; more if you allow for failed attempts). With that probability we can calculate the ALE and hence what the presidential guard cost should be capped at.
The trouble with some people is that they make some deceptively reasonable comments that don't stand up under critical analysis
With an ailing economy and a whole lot of cancelled contracts resulting from
that poor economy. Pandemic planning is a major threat to our most important
asset people and it appears as though that vulnerability may have been
activated. Its time to dust off the BCP plan and update it with a Pandemic
If it takes a pandemic to motivate you to create or review a BCP then
something is seriously wrong, and it has nothing to do with the pandemic.
As one manager said to me a long time ago, "show me the numbers".
The number of confirmed cases rose Monday to 50 in the U.S., the result
of further testing at a New York City school. The WHO has confirmed 26
cases in Mexico, six in Canada and one in Spain. All of the Canadian
cases were mild, and the people have recovered.
The Mexican government suspects the virus was behind at least 149 deaths
in Mexico, the epicentre of the outbreak, with hundreds more cases
I'm sure just about any ocotr - or the 'Net - can supply us with figures on the cases and deaths from 'regular' flu world-wide, as well as the named versions.