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Question 483 - CISM discussion

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Which of the following is the MOST important outcome of effective risk treatment?

A.
Elimination of risk
Answers
A.
Elimination of risk
B.
Timely reporting of incidents
Answers
B.
Timely reporting of incidents
C.
Reduced cost of acquiring controls
Answers
C.
Reduced cost of acquiring controls
D.
Implementation of corrective actions
Answers
D.
Implementation of corrective actions
Suggested answer: D

Explanation:

The most important outcome of effective risk treatment is the implementation of corrective actions that address the root causes of the risk and reduce its likelihood and/or impact to an acceptable level. Effective risk treatment does not necessarily eliminate the risk, but rather brings it within the organization's risk appetite and tolerance. Timely reporting of incidents and reduced cost of acquiring controls are desirable benefits of effective risk treatment, but they are not the primary outcome.

asked 01/10/2024
Umesh Hirji
28 questions
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