Risk treatment · Question 5 of 12
A company takes out cyber insurance. Which risk strategy is this?
1 answer is correct. Easy
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Answer
- C Risk transference
Explanation
In transference, the financial burden of a risk is passed on to a third party, here the insurer. The event itself can still occur, and reputational damage stays with the company. Avoidance would mean giving up the risky activity entirely.