Risk Management 101 for IT Professionals Essential Concepts - Section Introduction - Risk Responses and Controls

The video tutorial covers four categories of risk responses: avoidance, acceptance, mitigation, and transference. It also discusses combined risk response activities and introduces three types of security controls. Finally, the concept of residual risk is explained.

Which of the following is NOT a category of risk response?

• Risk Avoidance

• Risk Transference

• Risk Elimination

• Risk Acceptance

What is the primary goal of risk mitigation?

• To reduce the impact or likelihood of risk

• To completely eliminate risk

• To ignore the risk

• To transfer risk to another party

What does the concept of combined risk response activities involve?

• Transferring all risks

• Using multiple risk responses simultaneously

• Avoiding all risks

• Accepting all risks

Which of the following is a type of security control?

• Emotional Control

• Financial Control

• Cultural Control

• Physical Control

What is residual risk?

• Risk that is ignored

• Risk that is transferred to another party

• Risk that remains after all mitigation efforts

• Risk that has been completely eliminated