Online Business Risk

Risk is a very influential element in business and is a part of almost every action a business takes. Risk can take on myriad meanings, each associated with a particular line of business. Risk can be chance, as in, “What are the chances of that happening?” Risk can be a gamble, as in, “How much is at stake?” Or risk can be the value of losing assets essential to a business’ operations, as in, “We have had a data breach!” Table 3-4 includes definitions for risk from a variety of industries and agencies. While generally similar, each defines risk with a slightly different focus.

TABLE 3-4 Definitions of Risk

Information Security Risk Management ISO/IEC 27001 A combination of the likelihood of the threat ...

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