Risk Transfer 04
Risk Transfer 04 : Action taken to manage risk that shifts some or all of the risk to another entity, asset, system, network, or geographic area. Risk transfer may refer to transferring the risk from asset to asset, asset to system, or some other combination, or shifting the responsibility for managing the risk from one authority to another (for example, responsibility for economic loss could be transferred from a homeowner to an insurance company). (DHS Risk Lexicon 9/08)
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