Sort Risk Responses for the Board
Classify management's proposed risk response so board communication is explicit about the risk posture.
Sort each management action by the risk response it represents. Avoid Reduce Share Accept Exit the low-margin customer segment that creates recurring compliance exposure. Add multi-factor authentication and quarterly access reviews for vendor accounts. Buy cyber insurance to cover part of the financial exposure from a breach. Keep the small foreign-exchange exposure because hedging costs exceed expected volatility. Cancel the launch in a regulated market until licensing conditions are resolved. Add a customer-mix trigger to capacity planning so enterprise onboarding strain is caught earlier. Shift implementation responsibility to a certified partner with indemnity for defined failures. Proceed with the pilot…
Sign up free — one personalized lesson every day, matched to your role and goals.
Already have an account? Sign in