= A security exception is a formal authorization to deviate from a security policy, standard, or control, due to a valid business reason or requirement. The primary reason for granting a security exception is that the risk associated with the deviation is justified by the benefit to the business, such as increased efficiency, productivity, customer satisfaction, or competitive advantage. The security exception should be approved by the appropriate authority, such as the senior management or the risk committee, based on a risk assessment and a cost-benefit analysis. The security exception should also be documented, communicated, monitored, and reviewed periodically123. References =
* 1: CISM Review Manual 15th Edition, page 364
* 2: CISM Practice Quiz, question 1132
* 3: Security Policy Exception Management, section "Security Policy Exception Management Process"