Question

Enterprise risk management is a valuable approach that can better align security functions with the business mission while offering opportunities to lower costs. ____________

Answer 1

It is true that Enterprise risk management is a valuable approach that can better align security functions with the business mission while offering opportunities to lower costs.

What is Risk Management?

In order to limit, monitor, and control the likelihood or impact of unfortunate events or to maximize the realization of possibilities, risk management entails the identification, appraisal, and prioritization of risks (defined by ISO 31000 as the influence of uncertainty on objectives).

Instability in global markets, threats from project failures (at any stage of design, development, production, or maintenance of life cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events with uncertain or unpredictable root causes are just a few examples of the many different types of risks that can arise.

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