Question: A high impact, low probability risk has materialized as evidenced by the KRI risk threshold being exceeded. This is in spite of your best efforts

A high impact, low probability risk has materialized as evidenced by the KRI risk threshold being exceeded. This is in spite of your best efforts to define, assess, and mitigate the risk through your risk treatment and response plan. How would you use qualitative and quantitative risk analytics to address this serious matter?

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