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What is risk mitigation and explain its type?

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What is risk mitigation and explain its type?


Posted on : 2022-04-02 17:27:22 | Author : IGNOU Academy | View : 26

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Word Count : 623

Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business. Comparable to risk reduction, risk mitigation takes steps to reduce the negative effects of threats and disasters on business continuity (BC). Threats that might put a business at risk include cyberattacks, weather events and other causes of physical or virtual damage. Risk mitigation is one element of risk management and its implementation will differ by organization.

Risk mitigation is the process of planning for disasters and having a way to lessen negative impacts.

Although the principle of risk mitigation is to prepare a business for all potential risks, a proper risk mitigation plan will weigh the impact of each risk and prioritize planning around that impact. Risk mitigation focuses on the ____ _____ __________ __ _________ _____________ ___ ___.
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Degree : PG DIPLOMA PROGRAMMES
Course Name : PG Diploma in Information Security
Course Code : PGDIS
Subject Name : BCP, DR Planning and Audit
Subject Code : MSEI 26
Year : 2022



IGNOU MSEI 26 Solved Assignment 2022
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