iso27diy-corp/Corpus/Sparks/Risk treatment.md

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The CISSP study guide gives the following 'Risk responses' in Domain 1 (§1.9.3):

  • Reduce or mitigate implementation of safeguards and countermeasures to eliminate vulnerabilities or block threats
  • Assign or transfer placement of the cost of loss onto another entity; insurance and outsourcing are common forms
  • Accept analysis shows countermeasure costs would outweigh the possible cost of loss; also management has agreed to accept the consequences
  • Deter implementing deterrents to would-be violators of security and policy
  • Avoid selecting alternate options or activities that have less associated risk
  • Reject or ignore unacceptable

PMP Concepts (source) lists "three proactive approaches to handling a negative risk":

  • Avoid eliminate the risk
  • Transfer shift the impact to a 3rd party
  • Mitigate decrease the probability or impact

See also Examples of Risk Avoidance.