Information Technology Risk

Information Technology Risk - The threats and opportunities associated with an organization's capacity and sustainability of information technology, both the infrastructure and utilization of technological applications — including the potential for negative consequences arising from an organization's reliance on technology systems, infrastructure, and processes. This can result from technology failures, cyber attacks, data breaches, or inadequate IT management practices, potentially leading to operational disruptions, financial losses, reputational damage, or legal liabilities, ultimately impacting the organization's overall performance and competitiveness.

Class Information

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Identification

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Information Technology Risk
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Definition and Examples

Definition
The threats and opportunities associated with an organization's capacity and sustainability of information technology, both the infrastructure and utilization of technological applications — including the potential for negative consequences arising from an organization's reliance on technology systems, infrastructure, and processes. This can result from technology failures, cyber attacks, data breaches, or inadequate IT management practices, potentially leading to operational disruptions, financial losses, reputational damage, or legal liabilities, ultimately impacting the organization's overall performance and competitiveness.
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https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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Additional Information

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