Scan QR code or get instant email to install app
Question:
The risk management strategy of Risk Mitigation involves taking measures to reduce or eliminate the likelihood and/or impact of a specific risk. One example of Risk Mitigation is patching systems immediately after the release of patches, which helps to mitigate the risk of known security vulnerabilities being exploited by malicious actors. This proactive approach to risk management aims to lower the overall risk exposure of an organization. Apart from Risk Mitigation, other risk management strategies include Risk Avoidance (eliminating the risk by avoiding the activity that creates the risk), Risk Acceptance (accepting the risk and its potential consequences without taking any action), and Risk Transfer (transferring the risk to another party, such as through outsourcing or insurance).
Comments