Risk Sharing: Risk sharing (often referred to as risk trans…

 Risk Sharing: Risk sharing (often referred to as risk transference) entails the use of a third party to offset part of the risk. Risk sharing can involve the outsourcing of some activities to a third party to reduce the financial impacts of a risk event in many cases. Sharing off-site (co-location) assets and contractual obligations with other entities is one way that organizations implement risk sharing; a cloud service provider can be used within this scenario.