Which of the following statements is true about residual risks.
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A. B. C. D.C.
Residual risk is the risk that remains after implementing all necessary security measures to protect an organization's information assets. It represents the potential loss that an organization may face despite having implemented all the necessary safeguards. Therefore, option C is the correct answer.
Option A is incorrect because it describes the concept of inherent risk, which is the risk associated with an asset in the absence of any controls or countermeasures. Inherent risk is the product of the likelihood of a threat exploiting a vulnerability and the impact of that exploitation.
Option B is incorrect because it describes the concept of vulnerability, which is a weakness or flaw in a system or asset that can be exploited by a threat.
Option D is incorrect because it describes the concept of inherent risk, which is the risk associated with an asset in the absence of any controls or countermeasures.
It is important to note that residual risk should not be confused with accepted risk. Residual risk represents the remaining risk after implementing all security measures, while accepted risk is the level of risk that an organization is willing to accept based on its risk management strategy.
Organizations need to identify, assess, and manage residual risks to ensure that they are aware of the potential losses they could face despite implementing security controls. This helps them to determine whether additional controls are required to mitigate residual risk to an acceptable level.