Bundle: Management Of Information Security, Loose-leaf Version, 6th + Mindtap Information Security, 1 Term (6 Months) Printed Access Card
Bundle: Management Of Information Security, Loose-leaf Version, 6th + Mindtap Information Security, 1 Term (6 Months) Printed Access Card
6th Edition
ISBN: 9781337750790
Author: Michael E. Whitman, Herbert J. Mattord
Publisher: Cengage Learning
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Chapter 7, Problem 12RQ
Program Plan Intro

Strategy of acceptance:

  • The risk treatment strategy of acceptance is an understanding of the consequences and acknowledgment of the identified risk by the proper level of authority, without any attempt at control or mitigation.
  • Risk acceptance is also known as risk retention.

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A recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?
A list and short description of the five risk-control strategies should be provided.
There should be a list and short explanation of the five methods of risk management.
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