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Risk Acceptance AgreementTO: Director of Telecommunications and Network ServicesManager of Telecommunications and Network ServicesDirector of Information and Systems Security/ComplianceFROM: NUIT.

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The phrase acceptable risk has been defined as “a risk which has been evaluated in ance with accepted practices and for which an informed decision to accept the frequency and consequence that comprise that risk has been made and documented” [91].

FORM. This form is to be used to document, justify and formally accept risk for a known deficiency(ies). The agency/division is responsible for writing the justification and identifying the compensating control.

Thus, for example, when people participate in traffic, they accept the danger of damage, injury, death and pollution for the opportunity of benefits resulting from increased mobility; when they decide to undergo surgery or not to undergo it, they decide that the costs and/or benefits of either decision are greater; and ...

Any possible losses from a risk not recovered by insurance or completed the insured amount is an example of accepting risk. Kinds of risks include uncertainty in financial markets, legal obligations, project failures, natural reasons and disasters, credit risk, and aggressive competition.

Risk Acceptance Examples In cybersecurity, acceptable risks may include: Keeping legacy systems active if they are not connected to sensitive data environments. Allowing employees to connect their own devices to an organization's networks if traffic from these devices is segmented from sensitive networks.

What Does Accepting Risk Mean? Accepting risk, or risk acceptance, occurs when a business or individual acknowledges that the potential loss from a risk is not great enough to warrant spending money to avoid it.

Example: A project may have a team of contracted resources scheduled to work for one month on project activities not on the critical path. The risk of any of them leaving is not likely to happen during that month, and even if they do leave it won't significantly impact the project.

This form is to be used to document, justify and formally accept risk for a known deficiency(ies). The agency/division is responsible for writing the justification and identifying the compensating control.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232