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The Risk Management process:
Is a one-time exercise that will only need to be updated in the event of a major shift in business objectives.
Is an annual exercise that should be completed in coordination with the budgeting process.
Is ongoing and requires regular updates and maintenance as new risks arise.
Is recommended as part of the security program, but is not mandatory for effective information security.
The risk management process is ongoing and requires regular updates and maintenance to address risks arising from new technology, new processes and new threats that are encountered over time.
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