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RISK ANALYSIS – the analysis of risk include
examinations of the vulnerability, probability and
criticality of potential threats and include natural
and man-made risk.
RISK AVOIDANCE – eliminating or removing the risk
totally from the business, government, or
industrial environment for which the risk manager
has responsibility.
RISK MANAGEMENT – is the process of selecting
and implementing security countermeasures to
achieve an acceptable level of risk at an acceptable
cost.
RISK REDUCTION – decreasing the risk by
minimizing the probability of the potential loss. The
reduction of criminal opportunity is often
accomplished by situational crime prevention
strategies to discourage, deter, or deny criminal
incidents.
RISK SPREADING – spreading the risk through
compartmentation or decentralization to limit the
impact (criticality) of the potential loss.
RISK TRANSFER – moving the financial impact of the
potential loss-over to an insurance company.
ROBBERY – is the taking of personal property
belonging to another, with intent to gain, by means
of violence against, or intimidation of any person,
or using force upon things.
287 | A T O Z I N C R I M I N O L O G Y
