Risk Avoidance is a risk strategy where the organization either chooses to not engage in an operation, or chooses to shut down an operation because of the risk involved. For example, a company might choose to shut down or not operate a branch in a high risk location to avoid the risks involved.
You are welcome to use these definitions for any purpose provided that an acknowledgement is made
to www.RiskyThinking.com and (if you're using HTML) you provide a link back to this site.
If you are an industry professional, consider subscribing to the free
Risky Thinking Newsletter for articles, insights,
and commentary on risk, business continuity, and security. It's low volume: we don't send
out the newsletter unless there is something interesting to say!