An e-commerce company is developing a risk treatment plan to address the risk of DDoS attacks on its website. They are considering options such as upgrading their infrastructure, implementing a cloud-based DDoS protection service, establishing an incident response team, or a combination of these measures. Which option should be included in the risk treatment plan to effectively manage this risk?
A financial services company is evaluating the risk of fraud in electronic transactions. They are considering enhancing transaction monitoring systems, implementing biometric authentication, transferring some of the risk to a third-party payment processor, or accepting a certain level of fraud risk. Which option represents risk retention?
An organization is conducting a risk assessment following the ISO/IEC 27005 standard. They are currently identifying potential threats and vulnerabilities that could affect their information systems. What stage of the risk management process is the organization currently in?
An organization is transitioning to cloud-based services and has conducted a risk assessment to identify related security risks. The risk manager must report the results to different departments within the organization. How should the risk manager tailor the reports to be relevant to each department?
A healthcare organization is evaluating risks related to patient data privacy. They are considering encrypting all patient data, anonymizing patient data for research purposes, training staff on data privacy, or outsourcing data management to a HIPAA-compliant vendor. Considering the need for both data security and regulatory compliance, which option should be prioritized?