Risks regarding financial loss are sometimes tricky to assess and evaluate. In a

situation where loss of revenue, loss of access, or loss of reliability occurs but

cannot be directly attributed to the lack or failure of a security control, security

personnel must obtain a critical understanding of the risks to determine which

risk management strategy (remediate, transfer, accept, etc.) to use.

For this post, describe such a situation involving loss of revenue or increased

costs.

Describe at least two techniques provided by risk management to obtain the

necessary understanding of risks regarding financial loss or unexpected

spending.

Explain how at least one of these techniques can be applied to your example.

In your responses to classmates, critical and constructively assess their examples

and applications of risk management techniques, ask questions, and offer

suggestions.