This is the sort of story that starts as a comment on Twitter, then becomes a blog post when I realize I can't fit all the ideas into one or two Tweets. (You know how much I hate Tweet threads, and how I encourage everyone to capture deep thoughts in blog posts!)

In the interest of capturing the thought, and not in the interest of thinking too deeply or comprehensively (at least right now), I offer seven security strategies, summarized.

When I mention the risk equation, I'm talking about the idea that one can conceptually image the risk of some negative event using this "formula": Risk (of something) is the product of some measurements of Vulnerability X Threat X Asset Value, or R = V x T x A.

1. Denial and/or ignorance. This strategy assumes the risk due to loss is low, because those managing the risk assume that one or more of the elements of the risk equation are zero or almost zero, or they are apathetic to the cost.
2. Loss acceptance. This strategy may assume the risk due to loss is low, or more likely those managing the risk assume that the cost of risk realization is low. In other words, incidents will occur, but the cost of the incident is acceptable to the organization.
3. Loss transferal. This strategy may also assume the risk due to loss is low, but in contrast with risk acceptance, the organization believes it can buy an insurance policy which will cover the cost of an incident, and the cost of the policy is cheaper than alternative strategies.
4. Vulnerability elimination. This strategy focuses on driving the vulnerability element of the risk equation to zero or almost zero, through secure coding, proper configuration, patching, and similar methods.
5. Threat elimination. This strategy focuses on driving the threat element of the risk equation to zero or almost zero, through deterrence, dissuasion, co-option, bribery, conversion, incarceration, incapacitation, or other methods that change the intent and/or capabilities of threat actors. 
6. Asset value elimination. This strategy focuses on driving the threat element of the risk equation to zero or almost zero, through minimizing data or resources that might be valued by adversaries.
7. Interdiction. This is a hybrid strategy which welcomes contributions from vulnerability elimination, primarily, but is open to assistance from loss transferal, threat elimination, and asset value elimination. Interdiction assumes that prevention eventually fails, but that security teams can detect and respond to incidents post-compromise and pre-breach. In other words, some classes of intruders will indeed compromise an organization, but it is possible to detect and respond to the attack before the adversary completes his mission.