Intro to Risk Management

What action did PrintWise Studio take to avoid the risk of malware and data breaches when storing client files?

• Purchased cyber insurance for data breaches.

• Installed spam filters and antivirus software.

• Switched to a secure cloud-based storage system.

• Accepted the risk of using an old office computer.

How did PrintWise Studio reduce the risk of phishing attacks and other email-borne threats?

• Outsourced their email management to a third-party provider.

• Purchased insurance specifically for email-related incidents.

• Provided cybersecurity training and installed spam filters/antivirus.

• Decided to tolerate the occasional email threat.

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Which action exemplifies risk transfer for PrintWise Studio?

• Implementing stricter password policies for all employees.

• Investing in new, more reliable office equipment.

• Purchasing cyber insurance and outsourcing payroll processing.

• Conducting regular internal audits of financial records.

Why did PrintWise Studio choose to accept the risk associated with their old office printer?

• The printer was essential for daily operations and couldn't be replaced.

• The cost of replacing the printer was too high for the business.

• The potential impact of the printer breaking was inconvenient but not catastrophic.

• They had an extended warranty that covered all potential breakdowns.