Risk Management Strategies

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7 Terms

1
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Transfer to another party

Cyber Security Insurance

2
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Accept

Tank the risk

3
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Accept with Exemption

Security policy can’t be followed, Freed from the obligation

  • Ex:

    • Buy a device that can't update windows. Company says to keep it off network and it will be all good

4
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Accept with Exception

Risk accepted but with an exception (TEMPORAIRLY)

  • Ex:

    • Every device must be patched. Patch crashes device. The company creates an exception to wait before patching which is against policy.

5
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Avoid

6
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Mitigate

7
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Risk Reporting

List of all risk company is tracking

  • Created for Senior Management

  • Contains critical & Emerging risks

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