Which of the following risk mitigation strategies involves execution of controls to reduce the risk factor and brings it to an acceptable level or accepts the potential risk and continues operating…

The correct answer is A. Risk assumption. Risk assumption involves accepting the potential risk and continuing to operate the IT system while implementing controls to reduce the risk to an acceptable level. This strategy acknowledges that some level of risk is inevitable and focuses on managing it through mitigation…

Incident Handling and Response Management

Question

Which of the following risk mitigation strategies involves execution of controls to reduce the risk factor and brings it to an acceptable level or accepts the potential risk and continues operating the IT system?

Options

ARisk assumption
BRisk avoidance
CRisk planning
DRisk transference

How the community answered

(19 responses)

A
89% (17)
B
5% (1)
D
5% (1)

Explanation

Risk assumption involves accepting the potential risk and continuing to operate the IT system while implementing controls to reduce the risk to an acceptable level. This strategy acknowledges that some level of risk is inevitable and focuses on managing it through mitigation measures rather than eliminating it entirely. Risk avoidance would entail taking actions to avoid the risk entirely, risk planning involves preparing for potential risks, and risk transference shifts the risk to another party, typically through insurance or outsourcing. Risk assumption is a pragmatic approach that balances the need for operational continuity with the imperative of risk

Topics

#risk assumption#risk mitigation strategies#risk management#IT risk

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