@luv thanks for sharing knowledge on grc. Would put light on Residual Risk Inherent Risk Transfer Risk +1 more Waiting for one more video on grc as informed.
Residual Risk, Inherent Risk, and Transfer Risk are terms often used in risk management to describe different types of risks. Here's a brief explanation of each: Inherent Risk: This refers to the level of risk that exists in a system or process without any controls or mitigation measures in place. It is the risk that would remain if no further action were taken. For example, a software system may have inherent risks associated with the potential for data breaches, system failures, or performance issues. Residual Risk: This refers to the level of risk that remains after controls and mitigation measures have been implemented. It is the risk that an organization is willing to accept or cannot avoid, even after taking measures to reduce the risk. For example, an organization may decide to accept a residual risk associated with a particular system, rather than investing more resources to mitigate it further. Transfer Risk: This refers to the act of transferring a risk to another party. For example, an organization may choose to transfer the risk of a potential data breach to a third-party vendor by including appropriate contract clauses or insurance coverage. However, it's important to note that the organization may still be responsible for the risk and its consequences, even if it is transferred to a third-party. In summary, Inherent Risk represents the risk that exists without any controls, Residual Risk represents the remaining risk after implementing controls, and Transfer Risk refers to the process of transferring risk to another party. All three types of risks should be considered and managed as part of an organization's overall risk management strategy.
![GRC Cyber Security [Module 1.2]](http://i.ytimg.com/vi/CZKOAxJAK8A/mqdefault.jpg)
This will help a lot of folks! Great explanation, keep making more and more videos.
thanks brother
Thank you so much creating and sharing this content with us.
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Hi, thanks for sharing the information and guidelines
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Thnx a ton for this informative & important video.Request you to kindly upload all GRC videos as I couldn't trace other videos of GRC.
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@luv thanks for sharing knowledge on grc.
Would put light on
Residual Risk
Inherent Risk
Transfer Risk
+1 more
Waiting for one more video on grc as informed.
Residual Risk, Inherent Risk, and Transfer Risk are terms often used in risk management to describe different types of risks. Here's a brief explanation of each:
Inherent Risk: This refers to the level of risk that exists in a system or process without any controls or mitigation measures in place. It is the risk that would remain if no further action were taken. For example, a software system may have inherent risks associated with the potential for data breaches, system failures, or performance issues.
Residual Risk: This refers to the level of risk that remains after controls and mitigation measures have been implemented. It is the risk that an organization is willing to accept or cannot avoid, even after taking measures to reduce the risk. For example, an organization may decide to accept a residual risk associated with a particular system, rather than investing more resources to mitigate it further.
Transfer Risk: This refers to the act of transferring a risk to another party. For example, an organization may choose to transfer the risk of a potential data breach to a third-party vendor by including appropriate contract clauses or insurance coverage. However, it's important to note that the organization may still be responsible for the risk and its consequences, even if it is transferred to a third-party.
In summary, Inherent Risk represents the risk that exists without any controls, Residual Risk represents the remaining risk after implementing controls, and Transfer Risk refers to the process of transferring risk to another party. All three types of risks should be considered and managed as part of an organization's overall risk management strategy.
THIS WILL HELP A LOT TO GO ON👌
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Karan, what an amazing tutorial you have crafted. When should we expect other parts covering this concept?
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Thankyou Sir, helps a lot, would request if we get GRC videos in sequence or no. wise which will help us as an beginner
Thanks 🤗 please share these videos and help me grow this channel
Thank you Sir
Thanks 🤗 please share these videos and help me grow this channel
Wow.... this training is done in what language please? I am surprised.
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Hi Luv, thanks for the video…. Can we switch career from Security Operations to Auditing / compliance ?
ruclips.net/video/3hlwIfnRQAY/видео.html
Grear video! Can't find part 2
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Hi,, thanks for this information,,,but where can I find other videos
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Hello sir, the video is so helpful, but when will you release part 2
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Hello Sir,
How can we do GRC certfication and from where.
there are many shops on google you can search for them on google easily
Do you have the English version of this Video?
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Dear Friends,
I have a question: in GRC framework, Could you talk How the Risk management activity will work?. Thank you.
ruclips.net/video/RDWqNxWnVSc/видео.html
Hello Sir, can i ge this ppt as a study material for reference? Its really good and easy to understand.
t.me/+8lcSF0urtEJlOWI1 please join my telegram group and you can ask me any questions related to cyber security
Kindly share detail video on grc
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Where are the next videos?
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@have you made more videos on GRC? Please share link i am unable to find
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Which institute provides this course?
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Why bother with an English title if the content is in a different language.
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hello sir how can i contact you.......
t.me/+8lcSF0urtEJlOWI1 telegram group link