Risk Management for Cyber Security Managers - Risk Mitigation

The video tutorial discusses risk mitigation, a common method of handling risks by reducing their likelihood to a minimum. It provides examples such as mitigating a DDoS attack by using multiple data centers for redundancy and retaining talented employees by offering better compensation. The video concludes with a brief mention of risk avoidance, which will be covered in the next video.

What is the primary goal of risk mitigation?

• To ignore potential risks

• To reduce the likelihood of risks to a minimum

• To increase the likelihood of risks

• To eliminate all risks completely

Which strategy is suggested to mitigate the risk of a DDoS attack on a company website?

• Hiring more IT staff

• Establishing multiple data centers for redundancy

• Increasing website traffic

• Reducing server capacity

What is a non-cybersecurity example of risk mitigation mentioned in the video?

• Implementing a new software system

• Increasing marketing efforts

• Offering bonuses to retain a talented employee

• Conducting regular fire drills

How can a company mitigate the risk of losing a valuable IT employee?

• By transferring them to another department

• By increasing their salary or providing bonuses

• By offering them a promotion

• By reducing their workload

What is the next topic to be discussed after risk mitigation?

• Risk avoidance

• Risk acceptance

• Risk transfer

• Risk sharing