What does the term “control” in risk management typically refer to?

In the context of risk management, the term "control" refers specifically to the measures taken to mitigate risk. Controls are proactive steps implemented within an organization to reduce the likelihood or impact of adverse events. This could include technical measures like firewalls and encryption, as well as organizational measures like policies and procedures that ensure compliance and security.

Controls can encompass various strategies including prevention, detection, and response mechanisms aimed at managing identified risks effectively. By mitigating risks, organizations can enhance their resilience against potential disruptions while ensuring that their operations continue smoothly. The focus on mitigation emphasizes the active role organizations play in managing risks rather than merely recognizing or assessing them.

Understanding controls in risk management is crucial for establishing a robust security posture, which is vital to maintaining the integrity, availability, and confidentiality of organizational assets.