Peter Gregory: Ignoring a risk situation is a choice, although it is not considered a wise choice. Organizations without risk management programs may implicitly ignore all risks, or many of them at least. Organizations might also be practicing informal and maybe even reckless risk management – risk management by gut feel. Many organizations can be legally charged with “willful negligence” if they have a duty to manage risk, and they simply dont. Without a systematic framework for identifying risks, many are likely to go undiscovered.”]
Source: https://www.inforisktoday.com/blogs/fifth-option-in-risk-treatment-p-3201