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Every company faces a variety of pure risks that can have serious financial consequences if a loss occurs. For each of the following threats, identify

  • Every company faces a variety of pure risks that can have serious financial consequences if a loss occurs. For each of the following threats, identify the most appropriate risk mitigation strategy. Explain your answer.                                                     
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  • Breaking into company’s IT system and databases


  • Plants destroyed by a hurricane


  • Shutting down the firm for some time after a physical damage loss


  • Cables connecting the company’s sole computer damaged by rats



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