In the ORM hazard probability categories, which category describes an event that is unlikely to occur?

In the context of Operational Risk Management (ORM) hazard probability categories, the classification of events is essential for assessing risk and determining appropriate response strategies. The category that describes an event as having a low likelihood of occurrence is indeed "Unlikely to occur." This term is used to denote situations that are not anticipated to happen frequently or at all, which allows organizations to prioritize their risk management efforts effectively.

By identifying an event as "Unlikely to occur," it indicates that while there is a possibility for it to happen, the chances are low enough that it may not need immediate attention or preventive measures compared to events classified in categories with higher probabilities. This understanding helps security personnel allocate resources where they are most needed and develop response strategies based on the level of risk associated with different types of hazards.