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 Key aspects of risk mitigation:

• Part of Risk Management: It's a core component of the broader risk management process, following risk identification and assessment.
• Focus on Impact: Acknowledges that some risks can't be avoided and aims to minimize  their consequences (e.g., damage, financial loss, disruption).
• Proactive Planning: Involves creating plans and controls before an event occurs to manage the aftermath and reduce harm.
• Examples of Risks: Common threats include cyberattacks, financial uncertainty, natural disasters, legal issues, and operational accidents.
• Goal: To protect assets, maintain reputation, ensure compliance, and keep operations running smoothly.