Risk assignment: A risk mitigation strategy where an organization shifts the risk exposure to another party. This could be done through various means like contracts, insurance, or outsourcing. The intent is to manage potential business risks that could be financially damaging by transferring the responsibility of risk and its management to a third party.
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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