BUISENESS MANAGEMENT
RISK MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Limit their strategy to using proven security measures only
|
|
|
Assess all possible threats to the organization
|
|
|
Apply a protection strategy that employs a suite of solutions
|
|
|
Ensure that management is aware of existing vulnerabilities
|
Detailed explanation-1: -What are the four types of risk mitigation? There are four common risk mitigation strategies. These typically include avoidance, reduction, transference, and acceptance.
Detailed explanation-2: -Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These risks stem from a variety of sources, including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.
Detailed explanation-3: -The short answer in our view is ‘ everybody ‘. In a well-implemented Information Risk Management system, everyone has responsibility to ensure this is applied and effective: from IT to HR, from finance to individual business managers and staff on the ground.