Risk Strategy

Definitions

1. An organization's overall approach to identifying, prioritizing, and handling risk in line with its objectives, constraints, and tolerance levels. A risk strategy shapes which controls are emphasized, which exceptions are tolerated, and how tradeoffs are communicated to leadership.

   In plain English: The overall plan for how an organization intends to handle risk.

   Example: "Their risk strategy focused first on reducing identity compromise and third-party exposure before investing in lower-probability edge cases."

Related Terms

• Risk Acceptance
• Risk Appetite
• Risk Category
• Risk Communication
• Risk Framework
• Risk Management
• Risk Monitoring
• Risk Statement
• Risk Threshold