Asked by Yokasta C. Estrella Lucas on Jul 04, 2024
Verified
If you shift your risk by using other means to compensate for the loss like purchasing insurance, you have implemented a risk _________ strategy.
A) acceptance
B) avoidance
C) limitation
D) transference
Risk Transference
The strategy of transferring the potential impact of specific risks from one party to another, often by using insurance or other contractual agreements.
Purchasing Insurance
The act of buying protection against financial losses from an insurance company.
- Acquire knowledge on the basics of managing risk in cybersecurity, especially the process of risk transference.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
D
Explanation :
Shifting risk by using other means to compensate for the loss, such as purchasing insurance, is known as a risk transference strategy. This involves transferring the risk to another party.
Learning Objectives
- Acquire knowledge on the basics of managing risk in cybersecurity, especially the process of risk transference.
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