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When a new risk is introduced or created as a result of a risk response
implementation. For example, you decide to install a home security system
to protect your house from the risk of burglars and intruders. However, this
may introduce a new risk of a cyber intruder hacking your home security
system and watching you through your security cameras since the system is
connected to the internet.
Risk Response
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, determining how to react to the risks so that we can continue with business
cost/ benefit analysis
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abt getting a higher benefit for your investment in the project firm
example: if your bike is stolen alot, it is worth it to get a 600 dollar lock
Total Risk
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The amount of risk before any risk response has been implemented. This is
usually calculated as Threats Vulnerability Asset Value.
what is necessary to determine if risks are worth taking?
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cost/ benefit analysis
Accept
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