Which term in security operations is the process of balancing the cost of security with the overall corporate goal of producing goods, services and profits?

Question

Quizplus · Accepted Answer

Risk management is the process of identifying, assessing, and prioritizing risks, and then responding to them using appropriate measures. One of the key aspects of this process is balancing the cost of security measures with the overall goal of the business, which is to generate profits by delivering products or services. This involves making risk-informed decisions that align with the organization's risk appetite and tolerance. Risk assessment and analysis are important components of risk management, but they do not specifically focus on balancing costs and profits. Risk decisions are the outcome of the risk management process, not a term used to describe it.

Which Term in Security Operations Is the Process of Balancing