When the cost to mitigate certain risks is higher than the asset values, the best approach is to purchase insurance. Thismethod allows the company to transfer the risk to an insurance provider, ensuring that financial losses are covered in the event of an incident. This approach is cost-effective and ensures that risks are prioritized appropriately without overspending on mitigation efforts.
[References:, CompTIA SecurityX Study Guide: Discusses risk management strategies, including risk transfer through insurance., NIST Risk Management Framework (RMF): Highlights the use of insurance as a risk mitigation strategy., "Information Security Risk Assessment Toolkit" by Mark Talabis and Jason Martin: Covers risk management practices, including the benefits of purchasing insurance., , , , ]
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