ISC2 Governance, Risk and Compliance (CGRC) Practice Question
While reviewing the risk register for a mission-critical HR database, the team notes a very low-likelihood but extremely high-impact hardware failure. Management decides to replace the unsupported appliance with a fully supported commercial solution. Which risk response strategy does this decision represent?
Accepting the risk and monitoring it without additional controls
Transferring the risk to a third party through insurance
Implementing risk avoidance by eliminating the source of the threat
Mitigating the risk by adding redundant components to the existing appliance
By discontinuing use of the unsupported appliance and moving to a fully supported product, the organization removes the exposure entirely. Eliminating the source of the threat (or stopping the activity that creates the risk) is characteristic of the risk avoidance strategy. Acceptance would leave the appliance in place, transference would shift liability to a third party (for example, by purchasing insurance or outsourcing), and mitigation would add safeguards to lower likelihood or impact while still using the risky component.
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ISC2 Governance, Risk and Compliance (CGRC)
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