Which response option is primarily concerned with reducing risk to an acceptable level?

Which response option is primarily concerned with reducing risk to an acceptable level?

• A. Risk acceptance
• B. Risk avoidance
• C. Risk mitigation
• D. Risk transfer

Answer: (C)

The focus of the response option that emphasizes reducing risk to an acceptable level is risk mitigation. This process involves implementing measures or controls that aim to minimize the likelihood of a risk occurring or to lessen its impact if it does happen. Risk mitigation strategies can include various actions such as introducing new processes, employing technology, providing training, and increasing security measures, all designed to bring down the risk levels attributed to threats or vulnerabilities within an organization. In contrast, risk acceptance involves acknowledging the existence of a risk and deciding to bear the consequences if it occurs. This does not actively reduce the risk but rather makes a conscious choice to live with it. Risk avoidance means eliminating the risk entirely by changing plans, processes, or activities to steer clear of risk exposure. Lastly, risk transfer entails shifting the risk to another party, such as through insurance or outsourcing, without inherently reducing the risk itself.

The focus of the response option that emphasizes reducing risk to an acceptable level is risk mitigation. This process involves implementing measures or controls that aim to minimize the likelihood of a risk occurring or to lessen its impact if it does happen. Risk mitigation strategies can include various actions such as introducing new processes, employing technology, providing training, and increasing security measures, all designed to bring down the risk levels attributed to threats or vulnerabilities within an organization.

In contrast, risk acceptance involves acknowledging the existence of a risk and deciding to bear the consequences if it occurs. This does not actively reduce the risk but rather makes a conscious choice to live with it. Risk avoidance means eliminating the risk entirely by changing plans, processes, or activities to steer clear of risk exposure. Lastly, risk transfer entails shifting the risk to another party, such as through insurance or outsourcing, without inherently reducing the risk itself.