You develop a risk strategy from the ground up. Consider the services you offer, the number of departments, the number of clients, and any financial aspects involved. Build a clear understanding of the context, your objectives, and your stakeholders. When you successfully identify the potential risks, you can evaluate them in terms of how they will impact your organization.
Consider the level of risk and its source, along with its potential consequences, and which aspects of the organization it may impact most. Mitigation can emerge in many forms according to your strategy and the level of concern for each threat. You can choose between accepting, avoiding, or transferring the risk.