Performing risk analysis on an application that recently added a payment method to subscribe came up with the following results. Risk: The payment section of the website may have errors or vulnerabilities that could result in financial loss for the company and its customers, as well as damage to the company's reputation. Risk Likelihood: High. Risk Response: hire an independent testing team to perform a comprehensive testing of the payment section. Which of the following measures is proposed to be taken in response to this analyzed risk? A. Risk acceptance B. Contingency plan C. Risk mitigation D. Risk transfer
Answer (1)
Based on the information provided about the risk associated with the payment section of the website, a risk analysis was conducted. The risk was identified as the possibility of errors or vulnerabilities that could lead to financial loss and damage to the company’s reputation. The likelihood of this risk occurring is described as high.
The proposed measure to address this risk is to hire an independent testing team to perform a comprehensive testing of the payment section. This proposed measure is best described as C. Risk mitigation . ;
