Risk Acceptance definition

Risk Acceptance means that potential loss should be accepted depending on the nature of certain risk.
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Risk Acceptance. We the undersigned understand the risks of improperly configured policy rulesets on Network Firewalls, including those risks listed above. By assuming responsibility for the management of the policy rulesets for this NUIT Network Firewall Service for <Network> at <Location(s)>, we acknowledge our acceptance of the risks of compromise for the following protected electronic equipment and types of information: <List or Describe the equipment and information that will be protected>
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Risk Acceptance means the informed decision to knowingly take a particular risk; “risk appetite” means the amount and type of risk that an organisation is willing to
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Examples of Risk Acceptance in a sentence

  • Prior to entering areas/ranges contaminated with Improved Conventional Munitions (ICMs) or submunitions, a Department of the Army (DA) a Deviation Approval and Risk Acceptance Document (DARAD) in accordance with DA ▇▇▇ 385-30 must be conducted by the Contractor and approved by the affected installation or for FUDS properties, the executing Corps district.

  • In the event that Service Provider is unable to Mitigate or Remediate any Significant Exposure within the time frames specified above, Service Provider will provide Clients an attestation of Risk Acceptance, if applicable, and share a high-level summary report of such Significant Exposure along with Service Provider’s plan to mitigate or remediate such Significant Exposure with an updated due date (the “Summary Report”).

  • Document Description Submission Requirements Entity Responsible Deadline Risk Acceptance Form ▪ The Risk Acceptance Form records the weaknesses that require an official risk acceptance from the organization’s Authorizing Official.

  • The Risk Acceptance Request Process should be followed in accordance with the Risk Acceptance Request Procedure.

  • Any vulnerabilities that cannot be resolved are subject to a formal Risk Acceptance with appropriate documented justification, with relevant compensating controls in place and formal approval from C-Level Management.

  • Risk Acceptance Form ▪ Ensure accepted risks are documented using the Risk Acceptance Form and submitted with the POA&M during the regular POA&M submission schedule 13.

  • Contractors listed as a user or an AI are responsible for ensuring their issuing agency completed the mandatory Risk Acceptance Letter (RAL) from the Defense Counterintelligence and Security Agency (DCSA), which authorizes the identified personnel to possess and operate a classified device.

  • The Sindh Bank will carry out SME cluster studies to determine the financial viability, business model and Risk Acceptance Criteria (RACs) of each cluster.

  • Prior to entering areas/ranges contaminated with Improved Conventional Munitions (ICMs) or submunitions, a Department of the Army (DA) a Deviation Approval and Risk Acceptance Document (DARAD) IAW DA ▇▇▇ 385-30 must be conducted by the Contractor and approved by the affected installation or for FUDS properties, the executing Corps district.

  • The company has developed Risk Acceptance Criteria, (“RAC’s) to be used as a guide in structuring and evaluating loan transactions.