Mitigation

Risk Assessment: Identifying and assessing potential risks and their potential impact on the organization.
Preventive Measures: Implementing measures to prevent or reduce the likelihood of adverse events occurring.
Response Planning: Developing plans and procedures for responding to and managing adverse events if they occur.
Monitoring and Review: Continuously monitoring risks and the effectiveness of mitigation measures, and making adjustments as needed.

What is Mitigation?

Actions taken to reduce the severity of potential losses or damages. Mitigation strategies are crucial for risk management and legal compliance.

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