When choosing a risk mitigation method what is the MOST important factor?
A.
Approval from the board of directors
B.
Cost of the mitigation is less than the risk
C.
Metrics of mitigation method success
D.
Mitigation method complies with PCI regulations
The Answer Is:
B
This question includes an explanation.
Explanation:
Risk Mitigation Cost-Benefit Analysis:
The chosen mitigation method must be economically viable, where the cost of implementation is justified by the reduction in potential risk impact.
Efficient Resource Allocation:
Ensuring cost-effectiveness prevents overspending on controls while still addressing risks effectively.
Supporting Reference:
EC-Council CCISO emphasizes cost-benefit analysis as a critical factor in selecting risk mitigation strategies, ensuring alignment with organizational goals and budgets.
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