Risk Treatment Sample Clauses
The Risk Treatment clause outlines the methods and actions an organization will use to address identified risks. It typically specifies whether risks will be mitigated, transferred, accepted, or avoided, and may detail the implementation of controls or procedures to reduce the likelihood or impact of those risks. This clause ensures that there is a clear, systematic approach to managing risks, thereby minimizing potential negative consequences and supporting organizational objectives.
Risk Treatment. Maximl Labs Pvt Ltd maintains a formal and effective risk treatment program that includes penetration testing, vulnerability management and patch management to identify and protect against potential threats to the security, integrity or confidentiality of Customer Personal Data.
Risk Treatment. TeleSign maintains a formal and effective risk treatment program that includes penetration testing, vulnerability management and patch management to identify and protect against potential threats to the security, integrity or confidentiality of Client Data.
Risk Treatment. For any critical or high risks identified during the risk assessment process, August Schools will immediately develop action plans to mitigate those risks which could include patching of vulnerable systems and/or applying other control activities. Risk responses shall consider obligations such as contractual agreements, laws, regulations and standards. The following items will have to be amended or defined based on discovered risk: IT policy and strategies, risk strategies, cost- effectiveness, type of protection, threats covered, risk levels, existing alternatives, and additional benefits derived from the treatment. There are three possible responses to risk: Risk mitigation is the implementation of safeguards and countermeasures to reduce or eliminate vulnerabilities or threats. Risk transfer is the placement of the cost of loss a risk represents onto another entity. This is accomplished by purchasing insurance and/or outsourcing. Acceptance of risk is the valuation by August Schools that the cost/benefit analysis of a possible safeguard and the determination that the cost of the countermeasure greatly outweighs the possible cost of loss due to a risk. Values under 3 are acceptable risks, while values 3+ are unacceptable risks. Unacceptable risks must be treated. On behalf of the risk owners, Senior Management will accept all residual risks.
Risk Treatment. 742 The treatment of risks related to digital dependencies, to threats and influences or likelihood/frequency 743 of events, can be based on a set of policies, measures, involving human resources, digital capabilities, 744 infrastructure and physical resources. 745 The treatment of risks can be related to dimensions including, but not limited to, resilience, 746 indispensability, dispensability, protection, interoperability, openness 747 By developing a risk management strategy covering, but not limited to, identification, assessment, 748 monitoring of dependencies, threats and influences and related risks, anticipation, adaptation, 6 ▇▇▇▇▇://▇▇▇▇▇▇▇-▇▇▇▇▇▇▇▇.▇▇.▇▇▇▇▇▇.▇▇/en/library/declaration-european-digital-rights-and-principles 749 recovering, protection, intervention, an organization may consider itself strategically autonomous and 750 digitally sovereign. 751 For an organization, its governing body can set the high-level principles from which organizational and 752 technical measures can be derived (metrics, actions for staff, etc.). 755 It is recommended that standardization organizations observe the principles of Digital Sovereignty and 756 ensure: 757 • awareness of the standardization participants’ interests and goals. In that regard, transparency is 758 essential, 759 • management of undue influences and dependencies in standardization, 760 • management of standardization actors that do not exhibit social responsibilities behaviours, 761 • sound organizational integrity so that standards are chosen on merit. 762 There are also concerns regarding the time it takes to develop standards. Indeed, in a fast technological 763 pace, it is essential that standards are developed in due time, and do not lag behind market developments, 764 in order to limit potential risks related to Digital Sovereignty. .
Risk Treatment. Aquant maintains a formal and effective risk treatment program that includes penetration testing, vulnerability management and patch management to identify and protect against potential threats to the security, integrity or confidentiality of Customer Personal Data.
Risk Treatment. Processor maintains a formal and effective risk treatment program to identify and protect against potential threats to the security, integrity or confidentiality of Personal Data.
Risk Treatment. Having identified and assessed the risks, the risk owners will determine whether existing control mechanisms can contain any risks below ALARP or SFAIRP as applicable or if treatment is required. They will do this by referring to the project Risk Assessment Matrix to evaluate risks for likelihood, consequence and severity. All risks whose severity is ranked highly at a certain threshold level and/or that have potentially catastrophic consequences, will have a dedicated treatment developed to proactively mitigate the risk. Incorporating regular review, the allocated risk owners will be responsible for ensuring that the treatment actions identified are performed in a timely and effective manner as prescribed on the Risk Register.
Risk Treatment. Company maintains a formal and effective risk treatment program that includes penetration testing, vulnerability management and patch management to identify and protect against potential threats to the security, integrity or confidentiality of Customer Personal Data.
Risk Treatment