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ISACA Certified in Risk and Information Systems Control · Isaca
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Risk transference is the process of shifting the ownership or financial consequences of a risk to another party that is better able to manage it.
Transference is a risk response strategy used for negative risks (threats) where the responsibility for managing the risk is shifted to a third party.
It's transference. The risk of injuring jobs was transferred to vendors while the overall project risk could be lower.