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Risk Management Process – Part 3c: Risk Control

Zerto

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

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Third-Party Due Diligence Best Practices

Reciprocity

Audit your Due Diligence Procedure Organizations must track how well and precisely their due diligence systems evaluate vendor risk to sustain owing diligence. You can develop success metrics when reviewing your due diligence procedures using your risk appetite and tolerance statements as a baseline for acceptable risk.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

You’ve established incident alert thresholds. You mitigate newly identified vulnerabilities or document them as accepted risks. The organization analyzes detected events to understand attack targets and methods. Systems collect and correlate event data from multiple sources and sensors. Incidents are contained.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

You’ve established incident alert thresholds. You mitigate newly identified vulnerabilities or document them as accepted risks. The organization analyzes detected events to understand attack targets and methods. Systems collect and correlate event data from multiple sources and sensors. Incidents are contained.