Risk Management 101 for IT Professionals Essential Concepts - Section Introduction - Risk Responses and Controls

The video tutorial covers four categories of risk responses: avoidance, acceptance, mitigation, and transference. It also discusses combined risk response activities and introduces three types of security controls. Finally, the concept of residual risk is explained.

Explain the concepts of risk avoidance and risk acceptance.

What is risk mitigation and how does it differ from risk transference?

Describe the concept of combined risk response activities.

What is residual risk and why is it important to understand?

What are the four different categories of risk responses?