CERTIFIED-IN-CYBERSECURITY Question #524: Real Exam Question with Answer & Explanation

Question

What is the difference between risk mitigation and risk acceptance?

Options

• ARisk mitigation is the process of transferring a risk to another party, while risk acceptance is the
• BRisk mitigation is the process of reducing a risk, while risk acceptance is the process of
• CRisk mitigation is the process of accepting a risk, while risk acceptance is the process of
• DRisk mitigation is the process of diminishing a risk, while risk acceptance is the process of

Explanation

Risk mitigation and risk acceptance are two different methods of risk management used in cybersecurity. Risk mitigation involves implementing strategies to limit the impact or likelihood of threats occurring. For example, an organization might install a firewall or two-step authentication to reduce the risk of unauthorized system access. This setup reduces the likelihood of a cyber- attack; therefore, the potential damage is mitigated (see ISC2 Study Guide, Chapter 1, Module 2). Risk acceptance, on the other hand, refers to a conscious decision to acknowledge a risk but not take immediate action. A situation where this may occur is when an organization understands the potential for a cyber attack, but decides that the cost of mitigation outweighs the potential damage 璽his organization has chosen to accept the risk. The remaining options are incorrect. One option uses incorrect definitions, while the others confuse risk mitigation and risk acceptance with risk transfer (another separate strategy not mentioned in this question). In fact, risk transfer involves shifting the potential impact of a risk to another party. For example, cybersecurity insurance is a form of risk transfer, where the risk is shifted from the organization to an insurance company. Risk transfer does not directly involve mitigation or acceptance of the risk by the organization.

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