The process of reducing and maintaining risk at an acceptable level by means of a well-defined and actively employed security program.

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Multiple Choice

The process of reducing and maintaining risk at an acceptable level by means of a well-defined and actively employed security program.

Explanation:
Risk management is the ongoing process of reducing and keeping risk at an acceptable level through a defined security program. It isn’t just about spotting risks or assessing how severe they are; it’s about choosing appropriate controls, implementing them, and continuously monitoring and adjusting the program so that the residual risk remains within the organization’s tolerance. This approach covers governance, policy, technology, and practices across the entire security lifecycle—from identifying threats and vulnerabilities to applying mitigations, monitoring effectiveness, and updating defenses as business needs and threats evolve. Risk identification focuses on discovering what could go wrong, but doesn’t by itself address how to reduce or sustain risk levels. Risk assessment evaluates the likelihood and impact of identified risks, yet it stops short of implementing a sustained program. Cyber threat intelligence is information about threats and adversaries, which informs defenses but does not by itself manage risk posture. The broader, ongoing framework that coordinates people, processes, and technology to reduce risk to an acceptable level is risk management.

Risk management is the ongoing process of reducing and keeping risk at an acceptable level through a defined security program. It isn’t just about spotting risks or assessing how severe they are; it’s about choosing appropriate controls, implementing them, and continuously monitoring and adjusting the program so that the residual risk remains within the organization’s tolerance. This approach covers governance, policy, technology, and practices across the entire security lifecycle—from identifying threats and vulnerabilities to applying mitigations, monitoring effectiveness, and updating defenses as business needs and threats evolve.

Risk identification focuses on discovering what could go wrong, but doesn’t by itself address how to reduce or sustain risk levels. Risk assessment evaluates the likelihood and impact of identified risks, yet it stops short of implementing a sustained program. Cyber threat intelligence is information about threats and adversaries, which informs defenses but does not by itself manage risk posture. The broader, ongoing framework that coordinates people, processes, and technology to reduce risk to an acceptable level is risk management.

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