Definition(s)
Risk Mitigation
Application of measure or measures to reduce the likelihood of an unwanted occurrence and/or its consequences.
Source:API STANDARD 780, Security Risk Assessment Methodology for the Petroleum and Petrochemical Industries, First Edition, May 2013. Global Standards
Risk Mitigation
Application of measure or measures to reduce the likelihood of an unwanted occurrence and/or its consequences.
Sample Usage: Through risk mitigation, the potential impact of the natural disaster on the local population was greatly reduced.
Annotation: Risk mitigation measures may be implemented prior to, during, or after an incident, event, or occurrence.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance
Risk Mitigation
The application of one or more measures to reduce the likelihood of an unwanted occurrence and/or lessen its consequences.
Extended Definition: Implementing appropriate risk-reduction controls based on risk management priorities and analysis of alternatives.
Adapted from: DHS Risk Lexicon, CNSSI 4009, NIST SP 800-53 Rev 4
Source: NICCS™ Portal Cybersecurity Lexicon, National Initiative for Cybersecurity Careers and Studies (https://niccs.us-cert.gov/glossary) as of 11 November 2015, Global Standards