- Apply safeguards (avoidance)
- Transfer the risk (transference)
- Reduce the impact (mitigation)
- Inform themselves of all of the consequences and accept the risk without control or mitigation (acceptance)
What is the five basic strategies to control risks from vulnerabilities?
The basic methods for risk management— avoidance, retention, sharing, transferring, and loss prevention and reduction —can apply to all facets of an individual’s life and can pay off in the long run. Here’s a look at these five methods and how they can apply to the management of health risks.
Which control strategy is used to prevent exploitation of vulnerabilities?
Avoidance is the risk control strategy that attempts to prevent the exploitation of the vulnerability. Avoidance is accomplished through: Application of policy. Application of training and education.
What can be included in the risk control strategies?
Risk control methods include avoidance, loss prevention, loss reduction, separation, duplication, and diversification .
What are the 5 control strategies?
- Avoidance. ...
- Acceptance. ...
- Mitigation. ...
- Transferal. ...
- Exploitation.
What five strategies for controlling risk are described in this chapter?
What are the five risk control strategies presented in this chapter? Answer: The five risk control strategies presented in this text are defense, transference, mitigation, acceptance, and termination .
What are defensive control strategies?
Defense risk control strategy occurs when a department or business tries to avoid a risk entirely by preventing the vulnerability that has been identified from being exploited . ... And, through technology, which involves using technical and physical controls to manage risk.
Which control strategy is used to prevent exploitation of vulnerabilities * Defend accept transfer mitigate?
Preventive controls stop attempts to exploit a vulnerability by implementing a security principle, such as authentication, or Confidentiality. Preventive controls use a technical procedure, such as encryption, or some combination of technical means and enforcement methods.
Is the control approach that attempts to reduce the impact caused by the exploitation of vulnerability through planning and preparation?
3. Mitigate – The mitigate control strategy attempts to reduce the impact caused by the exploitation of vulnerability through planning and preparation. 4. Accept – The accept control strategy is the choice to do nothing to protect a vulnerability and to accept the outcome of its exploitation.
What are the four strategies to manage risk?
- Avoid it.
- Reduce it.
- Transfer it.
- Accept it.
What is Risk Control Strategies in information security?
Risk Control Strategies are the defensive measures utilized by IT and InfoSec communities to limit vulnerabilities and manage risks to an acceptable level . ... (2015) state that “risk management involves determining how much risk is acceptable for any process or operation, such as replacing equipment”.
What are the types of defensive strategies?
- Active Approach. The purpose of the active approach is to block the competitors that are planning to steal your market share. ...
- Passive Approach. ...
- Joint Venture. ...
- Retrenchment. ...
- Divestiture. ...
- Liquidation. ...
- Marketing & Advertisement. ...
- Less Risky.
What are the 4 ways to manage risk?
- Avoidance (eliminate, withdraw from or not become involved)
- Reduction (optimize – mitigate)
- Sharing (transfer – outsource or insure)
- Retention (accept and budget)
What are the three types of security controls?
There are three primary areas or classifications of security controls. These include management security, operational security, and physical security controls .
Why acceptance risk control strategy is the choice of some organizations?
The most common reason is that the cost of other risk management options, such as avoidance or limitation, may outweigh the cost of the risk itself. ... In cases where the cost outweighs the benefit, most organizations choose to accept a risk rather than spend time or money mitigating it.
What is the octave method approach to risk management?
The Operationally Critical Threat, Asset, and Vulnerability EvaluationSM (OCTAVE®) approach defines a risk-based strategic assessment and planning technique for security . OCTAVE is a self-directed approach, meaning that people from an organization assume responsibility for setting the organization’s security strategy.
How do you maintain information security?
- Never send sensitive information in an unencrypted email.
- Change passwords regularly and use strong passwords.
- Never talk on cell phones in public areas about sensitive information, passwords, or credit card numbers.
What are the liquidation strategies?
A liquidation strategy is a closure strategy when businesses sell their assets in order to wind up their business operations . ... Therefore, he decides to sell off all the assets like doors, equipment, fixtures, and inventory to extract some value out of the business and minimize the losses.
What is risk management strategy plan?
A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk . It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken.
What are the 3 types of defensive strategies?
- Retrenchment.
- Divestiture.
- Liquidation.
Which strategy is a defensive strategy that a firm can pursue?
The position defense is the simplest defensive strategy. It simply involves trying to hold your current position in the market. To do this, you simply continue to invest in your current markets and attempt to build your brand name and customer loyalty.
What are examples of preventive controls?
- Separation of duties.
- Pre-approval of actions and transactions (such as a Travel Authorization)
- Access controls (such as passwords and Gatorlink authentication)
- Physical control over assets (i.e. locks on doors or a safe for cash/checks)
How can you manage vulnerabilities in a modern data center?
- Employ an intrusion detection system to guard your center against advanced persistent threats. In order for this type of system to be effective, it requires real-time monitoring to catch abnormal events when they are occurring. ...
- Use a building management system (BMS).
What are corrective controls?
Corrective controls are designed to correct errors or irregularities that have been detected . Preventive controls, on the other hand, are designed to keep errors and irregularities from occurring in the first place.
