Fault injection studies and vulnerability analyses have been used to estimate the reliability of data structures in memory. We survey these metrics and look at their adequacy to describe the data stored in ECC-protected memory. We also introduce FEA, a new metric improving on the memory derating factor by ignoring a class of false errors. We measure all metrics using simulations and compare them to the outcomes of injecting errors in real runs. This in-depth study reveals that FEA provides more accurate results than any state-of-the-art vulnerability metric. Furthermore, FEA gives an upper bound on the failure probability due to an error in memory, making this metric a tool of choice to quantify memory vulnerability. Finally, we show that ignoring these false errors reduces the failure rate on average by 12.75% and up to over 45%.