Transfer: Transferring a risk involves shifting some or all of the risk to another party, such as an insurance provider, through contractual agreements or financial arrangements. If the company purchases cyber insurance to address items listed on the risk register, it represents a risk transfer strategy. The company is transferring the financial burden of potential cyber incidents to the insurance provider, who will compensate the company for covered losses.
Given the scenario described, the strategy represented by the company's purchase of cyber insurance to address items listed on the risk register is Transfer. The company is transferring some of the financial consequences of potential cyber incidents to the insurance provider through the purchase of insurance coverage.
By purchasing cyber insurance, the company is not eliminating or reducing the risk but is instead ensuring that the financial burden of a potential cyber incident is covered by the insurer.
Correct answer is B (Transfer).
> The company purchased cyber insurance in order to transfer the risk to another party, in this case, the insurance company.
upvoted 3 times
...
This section is not available anymore. Please use the main Exam Page.SY0-701 Exam Questions
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
metzen227
Highly Voted 11 months, 1 week agoitone333
Most Recent 1 month, 1 week agoMarkie100
2 months, 1 week ago_thelastturtle
2 months, 3 weeks ago0ca8ee9
4 months, 1 week agoPAWarriors
7 months, 4 weeks ago