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CompTIA Security+ SY0-701 Practice Question

When a company determines that the cost of mitigating a risk outweighs the benefit of protection, what risk management strategy is it most likely to adopt?

Transfer the risk
Avoid the risk
Mitigate the risk
Accept the risk

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Answer Description

The 'Accept' strategy in risk management is used when an organization acknowledges a risk but decides not to take immediate action to mitigate it. This decision is often based on a cost-benefit analysis where the cost of prevention exceeds the benefits or impact of the risk event. This strategy does not imply ignorance of the risk; instead, it means the organization has recognized the risk and has consciously decided to accept it without additional controls. Other strategies like 'Transfer', 'Avoid', or 'Mitigate' do not apply here because they involve different ways of addressing the risk, such as transferring the risk to another entity, avoiding the risk entirely, or implementing controls to reduce the risk.

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CompTIA Security+ SY0-701

Security Program Management and Oversight

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General Security Concepts

Threats, Vulnerabilities, and Mitigations

Security Architecture

Security Operations

Security Program Management and Oversight

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