Insurance falls in this category. Risk retention is a strategy for sm - an action taken to prevent another action from having a harm

risks where the cost of ensuring against the risk would be greater offect;

time than the total losses sustained. All risks that are not avoided - the act of keeping something;

transferred are retained by default. War is an example since m - a set of instructions secretly put into acomputer that can destroy

property and risks are not insured against war, so the loss attributed formation stored in the computer;

the war is retained by the insured. _ the sets of programmes put into a computer when you want it to do

Risk transfer means causing another party to accept the riip_artj_cu]i_ar j₀^.

typically by contract or by hedging. Outsourcing is another example _ _{strategy fOT gmaU risks where the cost of ensuring against the risk}

mk transfer where companies outsource IT, business processes, etc. _{ouM be QyQr} ^ ^ ^ ^ _{losges sustainecL}

Го control or take countermeasures against risks a compa

management should approve a risk mitigation plan. The plan shot

propose applicable and effective security controls for managing t ^UL Give English equivalents:

risks. For example, an observed high risk of computer viruses could серіальний ризик, пом якшення наслідків ризику, управління

mitigated by acquiring and implementing anti virus software. A _g0^13HKaMH> працівники розумової пращ, компроміс, альтернатива,

risk management plan should contain a schedule for _Сопй^ІЗИКУ^вати> самострахування, програмне забезпечення, первісний

implementation and responsible persons for those actions. ^Іан' отримувати, передавання ризику, комп'ютерний вірус, купу-

Initial risk management plans will never be perfect. Practif^TH власність, уникати, негативний вплив, нести втрати, приймати

experience and actual losses results will necessitate changes in the рїзик, утримати ризик, допускати ризик, визначати ризик, оцінюва-

and contribute information to allow possible different decisions tor ризик, реалізувати план.

55

54

m ade in dealing with the risks being faced.