There are four main risk management strategies or risk treatment options:
Risk acceptance.
Risk transference.
Risk avoidance.
Risk reduction.
ISIAC is the name of the organization that clearly outlined and described the COBIT P09 risk management framework.
The COBIT framework stresses regulatory compliance, allows companies to get more value from IT, and helps align IT with the goals of the business to enable organizations to manage risk more effectively.
Organizations need to understand that COBIT 5 is an end-to-end framework that considers the optimization of risk as a key value objective. COBIT 5 considers governance and management of risk as part of the overall governance and management of enterprise IT.
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