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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: riskacceptance, risk mitigation, risk avoidance, and risk transfer.
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 acceptablerisk.
You’ve established incident alert thresholds. You mitigate newly identified vulnerabilities or document them as acceptedrisks. 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.
You’ve established incident alert thresholds. You mitigate newly identified vulnerabilities or document them as acceptedrisks. 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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