After identifying a new vulnerability, a company decides to update its security protocols rather than replacing its entire system. This decision exemplifies the concept of ____________ in risk management.
- Risk Acceptance
- Risk Avoidance
- Risk Mitigation
- Risk Transference
Risk mitigation involves taking actions to reduce or eliminate the impact of a risk. In this scenario, the company chooses to update security protocols as a proactive measure to mitigate the potential risks associated with the identified vulnerability. Understanding risk mitigation strategies is crucial for organizations to enhance their security posture without undergoing major system overhauls.__________________________________________________
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