Business in the digital era is faced by a growing number of IT risks, in addition to traditional operational and strategic risks. But just as there is no such thing as 100% cybersecurity, there is no such thing as 100% risk elimination. It is therefore essential that businesses manage their risks to ensure the preservation of the business, while at the same time enabling the business to take calculated risks to achieve its objectives.
In other words, it is important for businesses to define the amount of risk they are willing to accept to realize their objectives, and then manage their risks so they understand which risks are worth taking because of the value that will be delivered to the business.
Risk management is becoming increasingly important because the risks that businesses are facing are proliferating and have become more complex due to the reliance of businesses on digital technology, especially in the post Covid era, in which more people are working from home and...
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