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CYB 205 Infrastructure Administration
Q: Tamara recently decided to purchase cyber-liability insurance to cover her company's costs in the event of a data breach. What risk management strategy is she pursuing?
A: Risk transference
Explanation: Tamara is pursuing a risk transference strategy. It involves shifting the impact of a potential risk from the organization incurring the risk to another organization. Insurance is a common example of risk transference.Answer A is incorrect. A risk acceptance strategy involves accepting the identified risk and not taking any other action to reduce the risk.Answer B is incorrect. A risk mitigation strategy includes repairing or replacing the vulnerable system and is often called fixing or mitigating the risk.Answer D is incorrect. A risk avoidance strategy involves changing a business process so that the risk no longer applies.
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