In risk assessment, what does a "high impact, low likelihood" risk typically indicate?

  • A frequently occurring trivial issue
  • A rare, but critical event
  • A widespread, non-threatening event
  • An easily manageable threat
A "high impact, low likelihood" risk indicates an event or situation that doesn't occur frequently but has the potential to cause significant damage or disruption if it does happen. It's essential for organizations to be prepared for such risks, even if they're rare, because of the substantial impact they could have.
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