Question

Which of the following are fundamental risk management tasks?

A.Mitigation
B.Authentication
C.Compliance
D.Identification

Answer 1

The fundamental risk management tasks include mitigation, compliance, and identification.

Step-by-step explanation:

The fundamental risk management tasks include:

1. Mitigation: This involves taking actions to minimize the impact of risks. For example, a company may implement measures to reduce the likelihood of a cybersecurity breach.
2. Compliance: This involves ensuring that an organization adheres to laws, regulations, and industry standards. It includes activities such as conducting audits and implementing controls to mitigate compliance risks.
3. Identification: This involves identifying potential risks that could negatively impact an organization. Risk identification techniques include risk assessments, brainstorming sessions, and data analysis.

Authentication, on the other hand, refers to the process of verifying the identity of a user or system. While important for security purposes, it is not specifically a risk management task.