From the course: CCSP Cert Prep: 6 Legal, Risk, and Compliance Audio Review

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Risk management Q&A

Risk management Q&A

From the course: CCSP Cert Prep: 6 Legal, Risk, and Compliance Audio Review

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Risk management Q&A

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- [Instructor] Here's a question regarding risk assessment similar to one that you might find on the CCSP exam. You're working with a cloud service provider to manage your company's email system and you worry that an extended outage at the provider would cause your company financial damage. You decide to manage this risk by purchasing an insurance policy. What risk management strategy did you adopt in this case? Is it risk avoidance, risk acceptance, risk transference, or risk mitigation. Again, those options are risk avoidance, risk acceptance, risk transference, or risk mitigation. (clock ticking) Purchasing insurance risk transfers risk from your company to the insurance company so this is an example of a risk transference strategy. If we wanted to avoid this risk, we could decide not to use the cloud provider. Adding more redundancy would be an example of risk mitigation or choosing to do nothing and continue with the…

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