How does Open FAIR suggest prioritizing risk responses?

The correct approach according to Open FAIR for prioritizing risk responses is assessing the risk levels against organizational priorities. This method ensures that risk management efforts are aligned with the broader goals and objectives of the organization. By evaluating risks in the context of what is most critical to the organization, resources can be allocated more effectively to address the most significant threats that could hinder achieving strategic targets.

Prioritizing based on organizational priorities means that decisions are made considering both the severity and likelihood of risks, as well as how those risks impact the organization’s mission, assets, and reputation. This holistic view allows for a balanced strategy that addresses the organization’s risks while still supporting its key objectives.

In contrast, evaluating solely by the size of affected assets misses the strategic component of risk management, while involving only senior management could lead to a narrow perspective that ignores operational insights. Additionally, categorizing risks based purely on historical data without considering current priorities can lead to misalignment with the organization's current risk landscape and needs.