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In: Operations Management

13. Your company has decided to by a cyber insurance policy, according to the text what...

13. Your company has decided to by a cyber insurance policy, according to the text what type of risk decision is this?

A. Mitigation

B. Avoidance

C. Transference

D. Acceptance

Solutions

Expert Solution

The correct answer is option C, i.e. Risk transference. It is a risk decision that is taken to transfer the impact of the risk to a third party, in this case, an insurance company. This makes sure that the organization does not have to suffer great damages in the event of a cyber attack.

keosha answered 2 years ago
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