Which of the following are the major tasks of risk management? Each correct answer represents a complete solution.
Choose two.
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A. B. C. D.CD.
Risk management is a crucial process that helps organizations identify, analyze, evaluate, and control potential threats to their information systems, assets, and resources. The major tasks of risk management include:
Risk identification: This task involves identifying potential risks and threats to an organization's information systems, data, assets, and resources. Risk identification may involve using various techniques such as risk assessments, threat modeling, and vulnerability assessments.
Risk control: Once potential risks have been identified, the next task is to implement controls to mitigate or reduce the risks. Risk control measures may include implementing security policies and procedures, deploying security technologies such as firewalls, intrusion detection systems, and access controls, and conducting security awareness training for employees.
Assuring the integrity of organizational data: This task involves ensuring that data is accurate, complete, and reliable. It may involve implementing data backup and recovery procedures, conducting data validation and verification, and implementing data encryption and access controls.
Building risk-free systems: Although it is not possible to build entirely risk-free systems, this task involves designing and implementing systems that minimize potential risks and threats. This may involve using secure coding practices, implementing secure configurations, and conducting regular security testing and assessments.
Out of the given options, the two major tasks of risk management are risk identification and risk control. Assuring the integrity of organizational data and building risk-free systems are important tasks in information security management but are not considered major tasks of risk management.