A risk assessment has revealed that the probability of a successful cybersecurity attack is increasing. The potential loss could exceed the organization’s risk appetite. Which of the following would be the MOST effective course of action?
A.
Purchase cybersecurity insurance
B.
Re-evaluate the organization’s risk appetite
C.
Outsource the cybersecurity function
D.
Review cybersecurity incident response procedures
B. Re-evaluate the organization’s risk appetite
Re-evaluating the organization's risk appetite allows management to reassess its tolerance for risk in light of the changing threat landscape. This involves considering whether the organization is willing to accept a higher level of risk or if adjustments need to be made to align with the evolving cybersecurity risks. By re-evaluating the risk appetite, the organization can determine if additional measures are necessary to mitigate the increased risk of cybersecurity attacks.
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