The CEO of a company is concerned that if a data breach should occur and customer data is exposed, the company could be sued. The CEO makes the decision to buy insurance for the company. What type of risk mitigation is the CEO implementing?Select one:transferencemitigationavoidancereduction

Which risk mitigation strategies include outsourcing services and purchasing insurance?Question 18Select one:transferacceptancereductionavoidance

What does the term "mitigation" mean in risk management?Question 47Select one:a.Reducing the probability and/or impact of a riskb.Exaggerating the risks for emphasisc.Accepting the risks without taking any actiond.Transferring all risks to another party

Your company has recently suffered a data breach. The data that was compromised includes customer contact information, employee records, and product designs. Which of the following steps should you take to protect your business critical data from future breaches?1.0 Marks All of the aboveEducate employees about data securityImplement a data loss prevention (DLP) solutionConduct regular security assessments

Which of the following concepts is MOST consistent with a situation in which an individual takes out insurance for their home and contents, and then fails to take adequate security precautions (such as locking their door when they leave the premises) because they know they are insured for any losses:Question 3AnswerAdverse selectionAsymmetric informationRisk managementMoral hazard

Risk _________ is the application of security mechanisms to reduce the risks to an organization’s data and information systemsQuestion 3Select one:1.control2.security3.management4.identification