Cybersecurity Risk Assessment Methods And Risk-based Approaches

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Business Finance

Description

From a cyber security perspective

What are the benefits of risk-based approaches?

When might an examination of only one risk factor be appropriate for decision-making?

When might only reviewing one risk factor lead to poor results?

use scholary resources and APA citations

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Explanation & Answer

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Running head: RISK-BASED APPROACHES

Risk-based Approaches
Name
Institutional Affiliation

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RISK-BASED APPROACHES

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Risk-based Approaches
Different companies have varied needs when it comes to cybersecurity and , therefore,
they adopt unique strategies to identify and fulfill their security objectives. While institutions
such as banks emphasize their security efforts on compliance obligations, other organizations
believe in renewing their security efforts upon a security breach. All these approaches aim to
briefly fill the existing gaps and meet the short term needs of an organization as far as cyber
security is concerned. In this short essay, the paper shall examine the benefits of risk-based
approaches in dealing with cybersecurity and the results associated with decision making based
on one risk factor.
What are the benefits of risk-based appro...


Anonymous
Really helpful material, saved me a great deal of time.

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