In risk management, what does the term 'mitigation' refer to?

  • Accepting the consequences of risks
  • Identifying potential risks
  • Minimizing the impact of potential risks
  • Transferring risks to a third party
Mitigation in risk management involves taking actions to minimize the impact of potential risks. This may include implementing security controls, developing contingency plans, or applying other preventive measures. Understanding mitigation strategies is crucial for organizations to proactively address and reduce the impact of cybersecurity risks they may face.__________________________________________________
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