Risk management is an area of knowledge that most managers are expected to understand to a certain level. Effective risk management ensures the continuity of a business's operations. There are different vital principles when it comes to risk management programs. Test your understanding of said principles by taking the quiz below and sharing it with the rest of your classmates.
Supervisory Control and Data Acquisition (SCADA)
Embedded
Mobile
Mainframe
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Threat
Vulnerability
Risk
Impact
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Event
Outage
Incursion
Incident
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1 percent
10 percent
20 percent
50 percent
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Quantitative
Financial
Qualitative
Objective
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Reduce
Transfer
Accept
Avoid
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Security controls should be protected through the obscurity of their mechanisms.
Don't spend more to protect an asset than it is worth.
Apply controls in ascending order of risk.
Risk avoidance is superior to risk mitigation.
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2,000
20,000
200,000
2,000,000
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2,000
20,000
200,000
2,000,000
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Quiz Review Timeline (Updated): Mar 21, 2023 +
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