In risk management, what is the objective of implementing security controls?

The objective of implementing security controls in risk management is to mitigate the potential impact of identified risks. This approach acknowledges that while it may not be possible to eliminate all risks entirely, effective security controls can significantly reduce the likelihood of risks materializing and lessen their consequences when they do occur. By focusing on mitigation, organizations can adopt a balanced strategy that allows them to manage risks to an acceptable level while maintaining operational effectiveness and ensuring the protection of sensitive information.

In contrast, the aim to fully eliminate all risk is often impractical and unrealistic, as some level of risk is inherent in most activities. Avoiding all costs associated with data breaches does not consider that some investment in security measures is necessary to create a robust defense, and completely avoiding costs is not feasible. Lastly, while ensuring compliance with regulations is important, it should not be the sole objective of implementing security controls; instead, compliance is a part of a broader strategy to safeguard data and manage risks effectively.