Understanding IT Risk
What is IT Risk?
IT risk is the possibility that technology-related events may negatively affect an organization's ability to achieve its objectives. Risks may arise from cyberattacks, system failures, human error, natural disasters, regulatory violations, or technological changes.
- Cybersecurity attacks.
- Hardware and software failures.
- Human mistakes.
- Unauthorized access.
- Third-party service disruptions.
- Regulatory non-compliance.
Every technology investment introduces both opportunities and risks.
Summary
IT risk management seeks to reduce uncertainty while enabling organizations to achieve their objectives.