ExpertEasy1 markMultiple Choice
CPA · Question 60 · Area II: Security
A company purchases cyber insurance. Which risk management strategy is this?
A company purchases cyber insurance. Which risk management strategy is this?
Answer options:
A.
Risk Avoidance
B.
Risk Mitigation
C.
Risk Transfer (Sharing)
D.
Risk Acceptance
How to approach this question
Insurance = Transfer.
Full Answer
C.Risk Transfer (Sharing)✓ Correct
Buying insurance transfers the financial risk of an incident to the insurer.
Common mistakes
Thinking insurance mitigates the technical risk (it doesn't stop the hack, just pays for it).
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