Loss Domain

A Loss Domain refers to the range or scope of potential losses or damages that a particular system, process, or organization might experience. It helps identify and analyze the different levels and types of risks involved, allowing for better planning and risk management. Essentially, understanding the Loss Domain means knowing what kinds of losses could occur, how severe they might be, and their possible causes. This insight aids in designing strategies to prevent, minimize, or respond effectively to those losses, ensuring more resilient operations.