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After consulting with the Chief Risk Officer (CRO). a manager decides to acquire cybersecurity

insurance for the company Which of the following risk management strategies is the manager
adopting?
A. Risk acceptance
B. Risk avoidance
C. Risk transference
D. Risk mitigation

1 Answer

3 votes

Final answer:

The manager is adopting the risk management strategy of C. Risk transference by acquiring cybersecurity insurance to transfer the financial responsibility of potential cyber attacks to an insurance company.

Step-by-step explanation:

The manager is adopting the risk management strategy of C. Risk transference. This means that the manager is transferring the potential financial losses from a cybersecurity incident to an insurance company.

By acquiring cybersecurity insurance, the company is mitigating the potential impact of cyber risks and transferring the financial responsibility to the insurer.

This strategy helps protect the company's assets and reduces the financial burden of potential cyber attacks.

User Vzupo
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