A company has discovered several vulnerabilities in their system post-assessment. After thoroughly analyzing the potential impact and the cost of remediation, they decide not to allocate resources toward immediate fixes. Which strategy are they using?
Transfer
Accept
Avoid
Mitigate
The company is utilizing the 'Accept' strategy in risk management. This approach means acknowledging the existence of a risk and deciding to take no action to mitigate or transfer it, often because the cost or impact of remediation does not justify the expense. It indicates that the potential impact is considered manageable or within acceptable limits for the organization.
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