Which of the following is considered NOT an acceptable form of risk management?

Risk ignorance is not an acceptable form of risk management because it involves neglecting to acknowledge or address potential risks altogether. This mindset can lead to dangerous oversights, leaving an organization vulnerable to threats that could have been identified and managed. In effective risk management, it is vital to proactively assess and understand risks to ensure appropriate actions are taken to address them.

In contrast, the other options are recognized practices within risk management. Risk acceptance involves acknowledging the existence of a risk and deciding to accept the outcome; this can be appropriate when the cost of mitigating the risk is greater than the risk itself. Risk transference refers to shifting the risk to another party, such as through insurance or outsourcing, allowing organizations to manage their exposure. Risk mitigation focuses on reducing the likelihood or impact of risks through various strategies and controls, thus enhancing overall security and resilience. Each of these approaches is structured and intentional, whereas risk ignorance represents a lack of awareness and action, which is detrimental to organizational safety and security.