Risk Mitigation: Strategies to Reduce Risk Exposure

Risk Mitigation Controls are measures taken to reduce the potential for a negative event to occur, or to reduce the severity of the consequences if an event does occur. These measures can include preventive and detective controls, as well as corrective measures. Examples of preventive controls include procedures, policies, and training, while detective controls include monitoring, auditing, and testing. Corrective controls include corrective action plans and contingency plans. Risk mitigation controls are designed to reduce the likelihood of a risk, or to reduce the impact of a risk should it occur. They are an important part of risk management, and should be tailored to the specific risks associated with the organization, its operations, and its environment.

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