What is the first step in the risk management process that helps to reduce the impact of threats and vulnerabilities?

IT Questions BankCategory: Cyber Threat ManagementWhat is the first step in the risk management process that helps to reduce the impact of threats and vulnerabilities?

What is the first step in the risk management process that helps to reduce the impact of threats and vulnerabilities?

  • Frame the risk.
  • Assess the risk.
  • Monitor the risk.
  • Respond to the risk.

Explanation: Risk management is a formal process that reduces the impact of threats and vulnerabilities. The process involves four general steps:

  • Frame the risk - Identify the threats throughout the organization that increase risk.
  • Assess the risk - Once a risk has been identified, it is assessed and analyzed to determine the severity that the threat poses.
  • Respond to the risk - Develop an action plan to reduce overall organization risk exposure. Management should rank and prioritize threats and a team determines how to respond to each threat.
  • Monitor the risk - Continuously review risk reductions due to elimination, mitigation and transfer actions.

Exam with this question: Cyber Threat Management - 5.4.2 Risk Management and Security Controls Quiz
Exam with this question: Cyber Threat Management: My Knowledge Check Answers

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