A strategic approach to risk management includes which of the following?

A strategic approach to risk management emphasizes the importance of proactive planning and evaluation to address vulnerabilities within an organization. By focusing on strengthening vulnerabilities, organizations can better anticipate potential risks and implement measures to mitigate them before they lead to incidents or losses.

This approach encompasses identifying current threats, assessing the likelihood of those threats manifesting, and evaluating the severity of their potential impact. It encourages the development of comprehensive plans that include training, resource allocation, and continuous assessment processes to ensure that the organization's risk management strategies remain effective over time. Such thorough planning allows organizations to not only respond to past incidents but also to prepare for future risks effectively.

The other options suggest methods that are too narrow or reactive. For example, concentrating solely on previous losses fails to recognize emerging risks and new vulnerabilities. The focus on only financial loss overlooks other critical aspects, such as reputational damage or operational disruptions, that may arise from risk events. Additionally, implementing technology without proper assessment could lead to ineffective solutions that do not adequately address the actual risks faced by the organization.