Which approach helps reduce potential losses from risk?

Risk mitigation is the approach that specifically aims to reduce potential losses stemming from various risks. This can involve implementing strategies and measures designed to minimize the likelihood of negative events or decrease their impact if they do occur. Examples of risk mitigation techniques include using security protocols to protect sensitive data, conducting regular security audits, providing employee training on security practices, and implementing redundancy measures to ensure continuity of services.

By effectively identifying and addressing vulnerabilities, organizations can significantly lower the likelihood of incidents that could lead to financial loss, reputational damage, or operational disruptions. This proactive stance not only protects assets but also enhances overall risk management within the organization, making it a fundamental aspect of any comprehensive cybersecurity strategy.