Finance proposes cyber insurance for a payments-outage risk at a municipal utility. How should that decision be reflected in IRM?
Select an answer to reveal the explanation.
Short Explanation
Insurance is sharing the bill, not pretending the fire vanished. Log transfer on the risk for the cyber policy — do not delete the risk and walk away.
Full Explanation
Transfer documents shifting financial or contractual impact (for example cyber insurance) while the risk remains managed in IRM. Deleting the risk, calling a quote full mitigation, or parking the topic in knowledge alone misstates treatment.