An organization has just started accepting credit card payments from customers via the corporate website. Which of the following is MOST likely to increase as a result of this new initiative?
Inherent risk refers to the level of risk associated with a process or activity before any risk mitigation strategies are applied. Introducing a new initiative, such as accepting credit card payments, often increases the inherent risk, as it brings new potential risks and vulnerabilities into the organization. The inherent risk is the risk inherent in the nature of the activity itself.
While risk tolerance (Option C), risk appetite (Option A), and residual risk (Option B) are important concepts in risk management, the introduction of a new initiative typically affects the inherent risk level the most before any risk mitigation measures are implemented.
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