Which risk management strategy involves simulating real-world attack situations?

The selected answer highlights penetration testing, a crucial risk management strategy designed to identify vulnerabilities in a system by simulating real-world attack scenarios. This approach involves ethical hacking techniques carried out by skilled professionals to mimic the tactics that malicious attackers might employ.

The objective of a penetration test is to evaluate the effectiveness of security controls and discover potential weaknesses before they can be exploited. By using this proactive method, organizations can better understand their security posture and make informed decisions for improving defenses.

This strategy is essential in the broader context of risk management, as it not only uncovers vulnerabilities but also tests the response capabilities of security teams, thereby aiding in the prioritization of security investments and ensuring compliance with industry standards. The actionable insights gained from penetration testing help organizations to remediate identified issues and enhance overall security, significantly contributing to risk mitigation efforts.