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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.

Because setting risk acceptance is a business exercise, experts say management and ownership of it should rest with the roles or teams responsible for the functions, services, or products impacted by the risk, says Jermaine M.

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.

In order to obtain a Risk Acceptance for a deficiency, a compensating control or remediation plan must be put in place and documented. A very detailed description must be provided in writing, and the approving individuals must acknowledge accepting the compensating control or remediation plan.

This form is to be used to justify a risk acceptance of a known deficiency. The system/project manager is responsible for writing the. justification and the compensating control. It is a requirement that a Compensating Control be defined in order to obtain full approval.

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 ...

But sometimes entities may accept a risk that would be so catastrophic that insuring against it is not feasible due to cost. In addition, any potential losses from a risk not covered by insurance or over the insured amount is an example of accepting risk.

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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