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What is this an example of?
Your boss asks you to purchase additional insurance in an effort to reduce risk.



A. Risk avoidance
B. Risk acceptance
C. Risk transference
D. Risk elimination

This question is part of Security + CST
Asked by Shawnkesinger, Last updated: Sep 12, 2020

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shawnkesinger

shawnkesinger

shawnkesinger
Shawnkesinger

Answered Jun 24, 2018

Risk transference

Risk transference is when risk is passed on to an external agency, for example, an insurance company. In reality, some insurance companies have a clause that states the risk is still the responsibility of the organization in question, but the term is still the best answer choice listed. There is no such thing as risk elimination; it is impossible to remove all risk. Risk acceptance is when a company is okay with a certain amount of risk and considers it the cost of doing business if a risk does manifest itself. An example of risk avoidance would be if a company decided to shut down a server that was being attacked by botnets sending DDoS attacks every day. ####
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