An IT project manager is overseeing the development of a new online platform. Recently, several similar platforms have experienced major cybersecurity breaches. Which of the following is the most appropriate risk response for the project manager to adopt in this situation?
Mitigate the risk by enhancing security measures in the project plan.
Transfer the risk by outsourcing the platform development.
Mitigating the risk by enhancing security measures in the project plan is the appropriate approach. By proactively strengthening security protocols, the project manager reduces the likelihood and impact of potential cybersecurity breaches on the project. Accepting the risk without any action leaves the project vulnerable to attacks. Transferring the risk by outsourcing does not eliminate the responsibility for security and may introduce new risks. Exploiting the risk is not applicable to negative risks like cybersecurity threats.
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