Risk Management Approach to Information Protection | CISM Exam Preparation

Risk Management Approach

Prev Question Next Question

Question

A risk management approach to information protection is:

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

A.

Risk management is identifying all risks within an organization, establishing an acceptable level of risk and effectively managing risks which may include mitigation or transfer.

Accepting the security- posture provided by commercial security products is an approach that would be limited to technology components and may not address all business operations of the organization.

Education is a part of the overall risk management process.

Tools may be limited to technology and would not address non-technology risks.

Answer:

A risk management approach to information protection is managing risks to an acceptable level, commensurate with goals and objectives.

Explanation:

Risk management is a critical process that involves identifying, assessing, and prioritizing risks to an organization's information assets, as well as implementing measures to mitigate or reduce the impact of those risks. A risk management approach to information protection involves identifying potential threats to an organization's information assets, assessing the likelihood and impact of those threats, and taking appropriate measures to manage those risks to an acceptable level, commensurate with the organization's goals and objectives.

The goal of a risk management approach to information protection is not to eliminate all risks, but to manage risks in a way that balances the costs of implementing security measures against the potential impact of a security breach. The risk management process involves identifying and evaluating the potential risks to an organization's information assets, including the likelihood and impact of those risks.

Once risks are identified and assessed, appropriate measures can be taken to manage those risks to an acceptable level. These measures may include implementing security controls, such as firewalls, access controls, and encryption, as well as developing policies and procedures for managing information security risks.

In summary, a risk management approach to information protection involves identifying, assessing, and managing risks to an acceptable level, commensurate with the organization's goals and objectives. This approach requires a thorough understanding of the organization's information assets and the risks that they face, as well as a willingness to balance the costs of implementing security measures against the potential impact of a security breach.