We appreciate your visit to In information security which of the following is true of managing risk A All organizations except financial institutions should invest heavily in security safeguards B. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The correct statement is that organizations should implement safeguards that balance the trade-off between risk and cost. This reflects the best practice approach to managing security risks that prioritizes both security and practicality, while the other statements do not accurately represent risk management in information security.
Explanation:
In the field of information security, managing risk involves a complex set of decisions. The statement that is true among the options provided is (B); Organizations should implement safeguards that balance the trade-off between risk and cost. This implies that while it's important for organizations to invest heavily in security safeguards, it should not be at the cost of risking other important factors. A well-rounded approach takes into account cost and practicality, not just maximizing security.
As for (A), it doesn't reflect a best practice approach because the need for heavy investment in security safeguards isn't limited to sectors other than finance. Every organization dealing with sensitive data should prioritize security. In (C), passwords are indeed a technical safeguard, but this isn't a statement about risk management. Lastly, (D) is incorrect because physical security covers elements such as building access controls, and security cameras, and is classified under Physical safeguards, not Human safeguards.
To manage security well, organizations can consider a wide range of strategies like stronger protections on their websites, enforcing stronger passwords, implementing two-factor authentication, and constant employee education to avoid security breaches or scams.
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