An integrated approach to managing security risk includes both investment in proactive loss prevention techniques and the financial risk transfer method of insurance. Loss prevention helps reduce the probability and impact of incidents, while insurance ensures that if a loss does occur, the financial consequences can be absorbed or mitigated. Together, they form a balanced risk treatment strategy.
References from PSP: ASIS POA – Security and Risk Mitigation Strategies; PSP Study Guide – Operational and Strategic Measures
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