When dealing with risk, the information security practitioner may choose to:

Risk management options include transfer, which involves shifting the responsibility or cost of a risk to another party, typically through insurance or outsourcing.

Options for Risk Management:

Avoid: Eliminate the activity causing the risk.

Mitigate: Reduce the risk to an acceptable level.

Transfer: Pass the risk to another party.

Accept: Acknowledge and tolerate the risk.

Transfer in Practice:

Commonly achieved via insurance or contracts with third-party providers.

Alignment with Scenario:

"Assign" and "Defer" are not standard risk responses. "Acknowledge" relates to acceptance, which is distinct from transferring risk.

Risk Management Frameworks: Highlights transferring risk as a key strategy, particularly in business continuity and contractual agreements.

Third-Party Risk Management: Demonstrates how outsourcing aligns with transferring risk responsibilities.

EC-Council CISO References: