Risk management

Risk management in IT involves the identification, organization, and management of risks in an organization. It is normally done in a way that balances the costs associated with using security solutions to protect the organization and the benefits that they bring. In simpler terms, risk management allows the organization to spend more on the prevalent or more threatening risks and spend little on the insignificant risks. Risks are an integral part of any organization. There will always be a cybersecurity risk facing an organization at any given time. Therefore, it is of importance to the organization that all the risks to its IT infrastructure and data are identified and managed. IT risk management should cover a wide scope since risks can arise from many causes. Human error, natural calamities, cyber attackers, and hardware failure are all potential causes of...