Description: Residual risk refers to the level of risk that remains after all possible mitigation measures have been implemented to reduce or eliminate identified risks. In the context of risk management, this concept is crucial as it allows organizations to understand that despite their efforts to protect their assets, there will always be a certain degree of risk that cannot be completely eliminated. This risk can arise from various sources, such as undetected vulnerabilities, changes in the operational environment, or the emergence of new threats. Evaluating residual risk is an essential component of risk management, as it helps organizations make informed decisions about risk acceptance, resource allocation, and future security planning. Additionally, residual risk should be monitored and reviewed periodically, as the organization’s conditions and context may change, potentially affecting the level of risk considered acceptable. In summary, residual risk is a fundamental concept that reflects the reality of risk management in a constantly evolving world where security can never be absolute.
