Residual risk definition

Residual risk means the risk which remains after security measures have been implemented, given that not all threats are countered and not all vulnerabilities can be eliminated;

Residual risk means the level of risk that remains after mitigation.

Residual risk means the risk which remains after security measures have been implemented;

Examples of Residual risk in a sentence

• Residual risk is the risk that exists beyond the bounds of risk control or after risk mitigation measures have been applied.

• Residual risk must be addressed immediately with management allocating appropriate resources to the issues.

• Residual risk must be addressed immediately with management allocating appropriateresources to the issues.

• Residual risk is identified during the Risk and Control Self-assessment process.If an operational risk event or another operational risk instance is identified, action plans are usually adopted to eliminate or mitigate the occurrence of operational risk.

• Residual risk of limb crushing:This risk remains when unintentionally coming into contact with any part being positioned, transported, stored, assembled.Obligations - Prohibitions - Advice - Recommendations Upon receipt, open the machine packaging and ensure that the machine and accessories have not been damaged during transportation.

More Definitions of Residual risk

Residual risk means the risk of loss arising when recognised credit risk mitigation techniques used by a credit institution prove less effective than expected;

Residual risk means potential risk remaining after all risk mitigation measures identified in the Risk Mitigation Implementation Plan are implemented.

Residual risk. – means the remaining risk after implementation of the risk control measures.

Residual risk means the risk which remains after security measures have been implemented in a CIS, given that not all threats can be countered and not all vulnerabilities can be eliminated completely.

Residual risk means the amount of risk remaining after inherent risks have been reduced by risk controls;

Residual risk means the risk that remains after risk management controls are applied to the inherent risk;

Residual risk means the Risk that remains after implementation of Treatment;