QuestionQ73Verified/Risk Response and ReportingCopy linkReport a problemAsk AstroTutorSave questionWhich of the following BEST achieves a balance between the costs and benefits of managing IT risk?AEliminating risk through preventive and detective controlsBPrioritizing and addressing risk in line with risk appetiteCConsidering risk that can be shared with a third partyDEvaluating the probability and impact of risk scenariosShow AnswerAnswerExplanationRisk management should prioritize and treat risks so that residual exposure remains within the organization’s risk appetite. This allocates controls and resources where they are justified, instead of attempting to eliminate all risk regardless of cost. ISACA defines risk appetite as the amount of risk an entity is willing to accept in pursuing its mission and identifies managing risk within that appetite as a core risk-management objective.Learn moreISACA Interactive GlossaryISACA: A Strategic Risk Based Approach to Systems Security EngineeringShow comments2Show commentsCommunity DiscussionNo comments yet. Be the first to start the discussion!
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