Risk Management for Cyber Security Managers - Risk Avoidance

The video tutorial explains the concept of risk avoidance, highlighting its importance when the cost of a risk is too high. It differentiates between risk avoidance and mitigation, emphasizing that avoidance eliminates risk entirely, while mitigation reduces its probability. The impracticality of avoiding all risks due to operational consequences is discussed, with examples like switching operating systems and implementing a no BYOD policy. The video concludes by introducing risk transference as an alternative strategy, to be explored in the next video.

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