From the course: IT and Cybersecurity Risk Management Essential Training

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IT risk management techniques

IT risk management techniques

From the course: IT and Cybersecurity Risk Management Essential Training

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IT risk management techniques

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- [Announcer] As we saw in an earlier lesson, there are four basic it risk treatment techniques, and you can use the acronym, ACAT to remember the four options. First, you can stop or avoid doing the risky thing, or you can use special procedures or safeguards to control the risk, or you can accept the risk. And finally, you can consider transferring or sharing the risk with someone else. Now, let's look more closely at each of these options to better understand what they are and when you should consider using them. Let's start with the avoid option. A simple personal example is avoiding airplane flights, over concerns of hijacking or a crash. But in business, the activity would have to have a high likelihood of occurring and also cause significant financial harm in order to justify avoiding it entirely. Refusing to store credit card data on our systems in order to avoid the cost of protecting it, as well as the liability…

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