How does a "risk matrix" aid in the IT risk management process?
- It automates risk responses
- It categorizes and prioritizes IT risks
- It eliminates all IT risks
- It quantifies the cost of all IT risks
A "risk matrix" aids in IT risk management by categorizing and prioritizing IT risks based on their likelihood and potential impact. This enables organizations to focus their efforts on addressing the most significant and relevant risks first, helping allocate resources effectively and make informed decisions.
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