During a risk assessment it was concluded that the value of an asset was less than the cost of the security control needed to protect it from an identified risk. Because of this, it has been decided not to use the control but still utilize the asset. What type of risk management strategy is being used?
Risk acceptance is the risk management strategy where a risk to an asset is accepted and no action is taken. This usually happens when the cost to mitigate the risk is more than the loss that would occur in the event the risk materializes.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What is risk acceptance in cybersecurity?
Open an interactive chat with Bash
How do organizations determine when to implement risk acceptance?
Open an interactive chat with Bash
What are some examples of risks that might be accepted?