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Definition of "IT Risk" |
Information technology risk, or IT risk, IT-related risk, is any risk related to information technology. This relatively new term due to an increasing awareness that information security is simply one facet of a multitude of risks that are relevant to IT and the real-world processes it supports. Generally speaking, risk is the product of the likelihood of an event occurring and the impact that event would have on an information technology asset, i.e. Risk = Likelihood * Impact. |
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