Question

large technology company hosts hundreds of servers in a datacenter. The company invests a great deal of money into a risk prevention plan to protect the systems. One such solution is insurance that protects the hardware and the data. Which specific risk response strategy does the company utilize in this instance

Answer 1

The specific risk response strategy that the company utilize in this instance is risk transference.

What is Transference risk control strategy?

Transference risk control strategy is known to be a type of strategy that firms uses to decides how they can lower or shut down a risk that it has encountered to another firm.

Note that in this situation above, large companies, instead of they trying to work and settle the risk themselves, they tend to give it to another such as a third party.

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