Which of the following is NOT a risk response strategy?

Which of the following is NOT a risk response strategy?

• A. Reduce risk
• B. Accept risk
• C. Ignore risk
• D. Transfer or Share risk

Answer: (C)

The concept of risk response strategies is integral to effective risk management, particularly in cybersecurity contexts like IACS (Industrial Automation and Control Systems). Among the available risk response strategies, options such as reducing, accepting, and transferring or sharing risk represent proactive and strategic approaches to managing potential threats. Choosing to "ignore risk" does not align with effective risk management practices. Ignoring risk can lead to unaddressed vulnerabilities, potentially resulting in significant adverse outcomes if the risks materialize. Instead, the listed strategies of reducing, accepting, or transferring risk involve acknowledging the risks and implementing measures to address them, either by mitigating their impact, bearing the risk with a clear understanding, or reallocating the risk to another party (such as through insurance or outsourcing). Recognizing the importance of actively addressing risks, the strategy of ignoring them is not considered a formal or acceptable response in professional risk assessments.

The concept of risk response strategies is integral to effective risk management, particularly in cybersecurity contexts like IACS (Industrial Automation and Control Systems). Among the available risk response strategies, options such as reducing, accepting, and transferring or sharing risk represent proactive and strategic approaches to managing potential threats.

Choosing to "ignore risk" does not align with effective risk management practices. Ignoring risk can lead to unaddressed vulnerabilities, potentially resulting in significant adverse outcomes if the risks materialize. Instead, the listed strategies of reducing, accepting, or transferring risk involve acknowledging the risks and implementing measures to address them, either by mitigating their impact, bearing the risk with a clear understanding, or reallocating the risk to another party (such as through insurance or outsourcing).

Recognizing the importance of actively addressing risks, the strategy of ignoring them is not considered a formal or acceptable response in professional risk assessments.