A Financial Institution's Information Security Officer Is Working with the Risk

question 231

Multiple Choice

A financial institution's information security officer is working with the risk management officer to determine what to do with the institution's residual risk after all security controls have been implemented. Considering the institution's very low risk tolerance, which of the following strategies would be BEST?

• A) Transfer the risk.
• B) Avoid the risk
• C) Mitigate the risk.
• D) Accept the risk.

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Definitions:

Operating Loss

A situation where a company's operating expenses exceed its gross profits or revenues, indicating that it is not making money from its core operations.

Year 2

Commonly refers to the second year of operation or existence in various contexts, such as financial reporting or the lifespan of an asset.

Variable Costing

A method of costing that includes only variable costs - costs that change with the level of output - in the cost of goods sold and treats fixed overhead costs as period expenses.

For The Month

A phrase typically used to specify financial or operational activities or measurements within a specific month.