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Risk Management Business Challenges


RISK MANAGEMENT IS IMPORTANT to the success of every company—
a company that takes no risks doesn’t thrive. On the other hand,
a company that ignores risk can fail when a single threat is exploited.
Nowadays, information technology (IT) systems contribute to the success
of most com panies. If you don’t properly manage IT risks, they can also
contribute to your company’s failure.
Effective risk management starts by understanding threats and vulnerabilities.
You build on this knowledge by identifying ways to mitigate the risks. Risks
can be mitigated by reducing vulnerabilities or reducing the impact of the risk.
You can then create different plans to mitigate risks in different areas of
the company. A company typically has several risk mitigation plans in place.
Saylor.org - Personal Name
NONE
Risk Management Business Challenges
Management
English
2012
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