Which action is typically taken to manage security risk in organizations?

Prepare for the ACFE Certified Fraud Examiner (CFE) Financial Transactions and Fraud Schemes Test with our comprehensive quiz. Engage with flashcards, multiple choice questions, hints, and explanations. Ace your exam!

Managing security risk in organizations involves a multi-faceted approach, and one of the key actions taken is implementing security awareness training. This training serves to educate employees about potential security threats, best practices for maintaining security, and the importance of adhering to security protocols. Awareness among staff can significantly reduce the chances of accidental breaches caused by human error.

Furthermore, limiting access to unauthorized personnel is another crucial action in managing security risks. By controlling who can access sensitive information and areas of the organization, the risk of theft, sabotage, or data breaches can be mitigated. This includes employing access control systems, secure passwords, and role-based access to information.

While the idea of completely eliminating all risks might sound appealing, in reality, it's impossible to eliminate every risk. Security risks are inherent to any organization, and the focus should be on managing and reducing them to acceptable levels. Therefore, the most effective strategy combines awareness training with access controls and other security measures, reinforcing that all these actions work together to create a comprehensive security strategy.

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