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Risk avoidance

As explained in Data-Driven Cybersecurity

Risk avoidance is a risk response strategy that removes a risk by discontinuing or changing the activity, system, process, strategy, or technology that creates it.

Risk avoidance removes a specific risk by discontinuing the activity or system that creates it, or by changing its process, strategy, or technology. section 5.3.1

Apply risk avoidance when an organization decides the threat cannot be tolerated or adequately reduced.

  • Discontinue high-risk activities, avoid vulnerable technologies, change risky processes, or exit markets with threat levels the organization cannot accept. section 5.3.1 section 8.1.3
  • Prioritize avoidance for critical vulnerabilities that could threaten operations, after considering risk effect, threat likelihood, and organizational risk tolerance. section 5.3.1 section 8.1.3

Declining online financial transactions

An organization determines that online financial transactions create cyber risks too high to mitigate or transfer, so it chooses not to offer them. The decision prevents that threat from emerging through the discontinued activity. section 8.1.3

How Data-Driven Cybersecurity covers it

How deep it goes
Defines avoidance and gives decision contexts and one scenario, but stops short of a detailed implementation procedure or cost model.
Examples
Uses discontinuing high-risk activities, rejecting vulnerable technologies, leaving high-threat markets, and declining online financial transactions.
What it assumes
Assumes risk assessment, threat likelihood, potential effect, and organizational risk tolerance; teaches avoidance as a response option.
What you can do after
Evaluate risks against effect, likelihood, and tolerance, then recommend discontinuing or changing the risk-producing activity.
How it connects
Contrasts avoidance with risk acceptance, risk transfer, deterrence, detection and response, mitigation, and risk tolerance.

Related concepts

This explainer was generated by Manning's knowledge graph from the text of Data-Driven Cybersecurity. The section links point to the parts of the book it draws on.