Certified in Risk and Information Systems Control (CRISC) Practice Test

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What does residual risk refer to?

The risk that cannot be avoided

The initial level of risk identified

The remaining risk after management efforts

Residual risk refers to the level of risk that remains after all risk management efforts have been implemented. This includes actions such as risk mitigation, transfer, acceptance, or avoidance. Essentially, once an organization has identified a risk and put measures in place to address it, they may still find that there is some level of risk that persists. This remaining risk is what is defined as residual risk.

Understanding residual risk is crucial for organizations because it helps them to assess whether they have effectively managed their risks and if they need to take further action or investment in controls. It represents an ongoing challenge in risk management, as it can change over time due to various factors, including changes in the threat landscape, business operations, or the effectiveness of controls.

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The total benefit of implemented controls

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