A method to transfer risk is to:

 Risk Transfer Through Insurance:

Breach insurance is a common method of transferring financial risks associated with cybersecurity incidents, covering costs like fines, legal fees, and recovery.

 Risk Management Strategies:

Risk transfer does not eliminate the risk but provides financial safeguards, complementing other security measures.

 Supporting Reference:

EC-Council CCISO materials describe purchasing insurance as a key financial strategy in the risk transfer process.