Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 5DQ
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Which one of the following statements about risk financing measures for cyber risk is true? a. Disclaimers are the most effective way to transfer or finance cyber risk exposures. b. Traditional commercial property and liability policies provide the best option for financing cyber risk loss exposures. c. A significant drawback to risk retention as a method to finance risk is that it discourages risk control. d. A hold-harmless agreement is a type of noninsurance risk transfer that organizations can use to receive reimbursement for cyber risk
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