As part of a comprehensive risk management process, your organization is conducting a qualitative risk analysis. The team must evaluate potential threats to the confidential client information stored in your database. Which approach best captures the concerns of various stakeholders, including customer service, IT, and executive management, towards the risks associated with the stored client information?
Use automated scanning tools to identify vulnerabilities in the database and rank them based on the frequency of occurrence.
Ask the executive management to decide on the risks since they have the highest stake in company reputation and finances.
Limit the analysis to the IT department, as they have the technical knowledge about the database security.
Hold structured brainstorming sessions with representatives from customer service, IT, and executive management.
Holding structured brainstorming sessions with stakeholders from different departments allows for diverse perspectives to be shared, ensuring a more thorough understanding of potential risks. This technique promotes active participation and helps uncover risks that may not be immediately obvious to a particular group, thus capturing qualitative inputs from various parts of the organization.
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