You are the project manager of a Web development project. You want to get information about your competitors by hacking into their computers. You and the project team determine should the hacking…

Risk acceptance means acknowledging the risk and choosing to take no action to address it, which is not the case here since a deliberate action - hiring someone - is taken.

Risk transference involves shifting the financial or legal burden of a risk to another party, such as a third-party contractor, insurer, or vendor. By hiring a professional hacker, the project manager transfers the legal liability and exposure of the hacking activity away from the organization to the hired individual. This mirrors the concept used in outsourcing risky activities or purchasing insurance as a risk response strategy.

Risk mitigation involves reducing the probability or impact of a risk through preventive actions, whereas hiring a hacker does not reduce the risk itself but rather shifts responsibility.

Risk avoidance means changing the project plan to eliminate the risk or its trigger entirely, such as deciding not to perform the hacking activity at all.