(ISC)2 Certified in Cybersecurity Practice Exam

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What approach suggests developing controls to minimize the impact of identified risks?

  1. Risk Mitigation

  2. Risk Assessment

  3. Risk Treatment

  4. Risk Acceptance

The correct answer is: Risk Mitigation

The approach that suggests developing controls to minimize the impact of identified risks is risk mitigation. This concept focuses on proactive measures that can be implemented to reduce the severity or likelihood of a potential risk. Risk mitigation strategies might involve implementing new security measures, modifying business processes, conducting training sessions, or employing better technology to address vulnerabilities. By emphasizing the need for controls, risk mitigation aims to either lower the probability of the risk occurring or diminish its potential impact if it does happen. This approach is essential for organizations looking to safeguard their assets and ensure continuity in their operations, as it enables them to manage risk effectively while maintaining a focus on overall risk management practices. Other approaches like risk assessment involve identifying and analyzing risks but do not deal directly with how to minimize their effects. Risk treatment encompasses the overall process of deciding how to respond to risks, which can include mitigation but is broader in scope. Risk acceptance is the decision to acknowledge a risk without taking any action to mitigate it, which does not align with the objective of minimizing the impact of risks.