Question

Risks regarding financial loss are sometimes tricky to assess and evaluate. In a situation where loss of revenue, loss of access, or loss of reliability occurs but cannot be directly attributed

to the lack or failure of a security control, security personnel must obtain a critical understanding of the risks to determine which risk management strategy (remediate, transfer, accept, etc.) to use. For this post, describe such a situation involving loss of revenue or increased costs. Describe at least two techniques provided by risk management to obtain the necessary understanding of risks regarding financial loss or unexpected spending. Explain how at least one of these techniques can be applied to your example. In your responses to classmates, critical and constructively assess their examples and applications of risk management techniques, ask questions, and offer suggestions.