Risk Management 101 for IT Professionals Essential Concepts - Understanding Security Controls

The video tutorial explains the concept of combined risk response activities in risk management. It emphasizes that multiple risk response strategies can be employed simultaneously, such as mitigation, transference, avoidance, and acceptance. An example is provided where a data center in a flood-prone area uses raised flooring and flood insurance to manage flood risk. The tutorial concludes by reinforcing the idea that multiple activities can be used to control risks effectively.

What is the main idea behind combined risk response activities?

• To use a single strategy for risk management

• To avoid risks at all costs

• To employ multiple strategies simultaneously

• To transfer all risks to insurance

In the example of the data center in Florida, which strategy is used to mitigate the risk of flooding?

• Moving the data center to another state

• Building a taller building

• Using raised flooring

• Installing a new roof

What is the purpose of purchasing flood insurance for the data center?

• To mitigate the risk of flooding

• To transfer the risk of flooding

• To avoid the risk of flooding

• To accept the risk of flooding

Why is it important to consider multiple activities when managing risks?

• Because it requires less planning

• Because it is cheaper

• Because it ensures comprehensive risk control

• Because it is easier to implement

What should you not assume when controlling a risk?

• That it is always expensive

• That it can be ignored

• That it is impossible to control

• That it requires only one activity