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Managing the risk to information assets is critical because:

Unmanaged risks have a higher rate of occurrence than managed risks.

If a managed risk creates an incident, it will be easier to defend against criticism than if the risk is unmanaged.

Managing risk is an easy way to create a cost savings, which frees up budget for security initiatives.

It is the foundation of information security and justifies all information security activities

Explanation

CISM-Information Security Program Management Overview 

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