Which of the following should be a risk practitioner's NEXT step after learning of an incident that has affected a competitor?

Activating the incident response plan is premature, as the incident affected a competitor, not the organization directly.

Implementing compensating controls is a response to identified and assessed risks, not the immediate action upon learning of a competitor's incident.

While the risk register may be updated eventually with the *results* of the analysis, the immediate action is to analyze the new information by developing relevant risk scenarios, which then inform any updates.

A competitor's incident provides valuable real-world context; developing new risk scenarios or modifying existing ones allows the organization to analyze potential impacts and likelihoods from a similar event, ensuring proactive identification of risks relevant to its own environment.