Which of the following are the goals of risk management? Each correct answer represents a complete solution.
Choose three.
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A. B. C. D.ACD.
The goals of risk management are:
A. Assessing the impact of potential threats: This involves identifying potential threats to the organization's assets and determining the potential impact they could have on the organization if they were to occur. By assessing the impact of potential threats, the organization can prioritize its efforts to manage risks and allocate resources effectively.
C. Finding an economic balance between the impact of the risk and the cost of the countermeasure: Risk management is not only about identifying and assessing risks but also about determining the best course of action to manage them. Finding an economic balance between the impact of the risk and the cost of the countermeasure involves evaluating the cost-benefit of various risk management strategies and selecting the most effective and cost-efficient approach.
D. Identifying the risk: Before an organization can manage a risk, it must first identify it. Risk identification involves identifying potential risks to the organization's assets, including physical, financial, and informational assets, as well as the likelihood and potential impact of each risk.
B. Identifying the accused: This is not a goal of risk management. The purpose of risk management is to identify and manage risks to the organization, not to identify those responsible for causing the risks. While identifying the accused may be important for incident response and forensic analysis, it is not a goal of risk management.