An exception in risk management is a formal decision to deviate from an organization's established security policies or controls. Usually, this exception is documented, with a defined scope, duration, and risk assessment to ensure that the risks are managed and accepted by an appropriate authority within the organization. It is a temporary measure, acknowledged and tracked until the exception is no longer needed or the standard control can be reinstated. Other options are related to risk management but do not accurately describe 'exception'.
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What is the process for documenting an exception in an organization's security policy?
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What are some common scenarios where an exception might be granted?
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How does an exception relate to the overall risk management strategy of an organization?