Risk Management 101 for IT Professionals Essential Concepts - Risk Mitigation and Transference

The video tutorial covers risk mitigation and risk transference strategies. It explains risk mitigation as steps to minimize risk impact, using examples like placing a web server in a DMZ and cybersecurity training. Risk transference involves shifting risk responsibility to third parties, such as insurance or web hosting services. The concept of residual risk is introduced, highlighting that not all risks can be transferred, as some impact remains with the organization.

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