CGRC · Question #467
The transfer of risk is one of the five risk treatment methods pointed out in NIST 800-37 Rev 2. Choose an example of risk transfer from the following options. Response:
The correct answer is C. Warranty. Risk transfer is a risk treatment method where the financial or operational impact of a risk is shifted to a third party, as exemplified by a warranty.
Question
The transfer of risk is one of the five risk treatment methods pointed out in NIST 800-37 Rev 2. Choose an example of risk transfer from the following options. Response:
Options
- AControl inheritance
- BControl implementation
- CWarranty
- DAvoindance
How the community answered
(30 responses)- A3% (1)
- B7% (2)
- C87% (26)
- D3% (1)
Why each option
Risk transfer is a risk treatment method where the financial or operational impact of a risk is shifted to a third party, as exemplified by a warranty.
Control inheritance is a strategy where a system receives security controls from another source, representing a form of control implementation, not risk transfer.
Control implementation is a risk treatment method where security controls are put into place to reduce risk, not to transfer it to another entity.
A warranty transfers the financial risk of equipment failure or defects from the user to the manufacturer or a third-party insurer, which is a classic example of risk transfer.
Avoidance is a risk treatment method where an activity or system associated with a risk is discontinued or not undertaken, thereby eliminating the risk entirely, not transferring it.
Concept tested: NIST Risk Treatment Methods - Risk Transfer
Source: https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-37r2.pdf
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