Risk acceptance: A risk management strategy in which an organization identifies a risk but decides not to take action to remediate it. This typically occurs when the cost of mitigating the risk is greater than the potential loss or when the risk is deemed unlikely to materialize. It’s a conscious decision that acknowledges the potential for loss but accepts it as a consequence of conducting business.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D2: Information security risk management | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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