What is the process of taking actions to reduce the impact of risks in a system?

Mitigation is the process of taking proactive measures to reduce the impact or likelihood of risks associated with a system. In the context of information security and cloud computing, this involves identifying potential threats and vulnerabilities and implementing strategies to minimize their impact. This can take various forms, such as adopting security protocols, enhancing monitoring practices, or deploying technical controls.

Effective risk mitigation allows organizations to minimize the potential consequences of security incidents, thereby ensuring better protection of sensitive information and resources. Strategies could also include conducting regular risk assessments, training personnel, and employing advanced technologies to thwart potential security breaches.

The other options refer to different concepts. Multifactor Authentication is a security measure that requires multiple forms of verification to grant access, while Masking involves protecting sensitive data by obscuring it. Mobile Cloud Storage pertains to storing data in a cloud environment that can be accessed through mobile devices, which is distinct from the practice of addressing and reducing risks.