Which of the following would BEST enable effective decision-making?
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A. B. C. D.D.
Effective decision-making in the context of information security involves understanding the risks that an organization faces and making informed decisions about how to manage those risks. Among the options presented, the one that would BEST enable effective decision-making is formalized acceptance of risk analysis by business management (Option C).
Option A, annualized loss estimates determined from past security events, provides useful information about the financial impact of past security incidents. However, it does not necessarily provide insight into the likelihood of future incidents or the effectiveness of controls to prevent or mitigate them.
Option B, a universally applied list of generic threats, impacts, and vulnerabilities, can be a useful starting point for identifying risks. However, it does not take into account the specific context of an organization or the unique risks it faces.
Option D, a consistent process to analyze new and historical information risk, is certainly important for effective decision-making. However, without formalized acceptance of risk analysis by business management, the results of risk analysis may not be effectively communicated and acted upon.
Formalized acceptance of risk analysis by business management (Option C) is the most important factor in enabling effective decision-making because it ensures that risks are identified, assessed, and communicated in a consistent and meaningful way across the organization. When business management formally accepts the results of risk analysis, they are more likely to provide the necessary resources and support to effectively manage those risks. Additionally, formalized acceptance helps to establish a risk-aware culture within the organization, which can lead to better decision-making at all levels.