Key Terms
The following acronyms and terms are used in this chapter. For the explanation and definition purpose of this chapter, these acronyms and terms are defined as follows:
- Asset
Anything of value owned or possessed by an individual or business.
- Due care
The standard of conduct taken by a reasonable and prudent person. When you see the term due care, think of the first letter of each word and remember “do correct,” because due care is about the actions that you take to reduce risk and keep it at that level.
- Due diligence
The execution of due care over time. When you see the term due diligence, think of the first letter of each word and remember “do detect,” because due diligence is about finding the threats an organization faces. This is ...
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