CERTIFIED-IN-CYBERSECURITY · Question #139
CERTIFIED-IN-CYBERSECURITY Question #139: Real Exam Question with Answer & Explanation
The correct answer is C: Risk transference. The purpose of any insurance is to transfer risk from one party to another. The insurer is obligated to indemnify the insured for a loss caused by an unexpected event, over the course of a definite and mutually-agreed period of time. Risk avoidance consists in avoiding or elimina
Question
When looking for cybersecurity insurance, which of these is the MOST IMPORTANT objective?
Options
- ARisk avoidance
- BRisk spreading
- CRisk transference
- DRisk acceptance
Explanation
The purpose of any insurance is to transfer risk from one party to another. The insurer is obligated to indemnify the insured for a loss caused by an unexpected event, over the course of a definite and mutually-agreed period of time. Risk avoidance consists in avoiding or eliminating the actions and conditions that give rise to the risk. Risk spreading consists in spreading a significant amount of risk over a larger part of the organization or activity, namely by manipulating the sequence or size of related events or activities. Finally, risk acceptance means that the possibility of loss is assumed in that risk, and that no positive action is taken to avoid, reduce or transfer the risk (see ISC2 Study Guide, chapter 1, module 2).
Topics
Community Discussion
No community discussion yet for this question.