What is the primary reason for reporting significant changes in information risk to senior management?

Reporting significant changes in information risk to senior management primarily serves to enable educated decision making. Senior management is responsible for the strategic direction of the organization, and they must understand the current risk landscape to make informed choices about resource allocation, risk tolerance, and prioritizing initiatives that address these changes.

When significant risks are reported, management can assess the potential impact on the organization’s objectives and adjust their strategies accordingly. This encompasses decisions related to budgeting for security measures, evaluating the need for new policies, and determining the level of risk the organization is willing to accept. If management is unaware of evolving risks, they may not be able to make decisions that align with the organization’s risk appetite or strategic goals.

The other options pertain to important aspects of risk management but do not capture the overarching importance of enabling decision-making. Revising key risk indicators, gaining support for countermeasures, and recalculating asset values are all responses to changes in risk rather than the primary reason for communicating those changes to senior management. They may be actions taken after management is informed but do not prioritize the critical need for informed decision-making based on a comprehensive understanding of risk.