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9 Examples of Data Risks

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A data risk is the potential for a business loss related to the governance, management and security of data. The following are illustrative examples.

Vendor Lock-in

In a dispute with a software-as-a-service vendor they hold your data as a bargaining chip and prevent you from accessing it.

Data Loss

A data storage device fails resulting in the loss of transactional data.

Data Corruption

Data becomes corrupted due to data rot causing business processes to fail.

Data Integration

An integration process fails. As a result, customers can't view their most recent transactions on your website resulting in a flood of complaints.

Dark Data

A firm recklessly accumulates dark data that becomes disorganized and costly to manage.

Data Availability

A market data feed goes down in the middle of market hours causing disruptions of trading operations at a bank.

Data Remanence

A firm accidentally disposes of equipment without properly wiping and degaussing it.

Compliance

A firm accidentally provides customer details to a third party, violating local regulations.

Data Breach

A firm losses its entire customer database to an advanced persistent threat. The database is sold to numerous entities exposing your customers to risks and stress. This results in liability, reputational damage and regulatory investigations.
Overview: Data Risks
Type
Definition
The potential for a business loss related to the governance, management and security of data.
Related Concepts

Data Risks

This is the complete list of articles we have written about data risks.
Compliance Risk
Dark Data Risks
Data Breach
Data Corruption
Data Loss
Data Remanence
Data Rot
Data Sovereignty
Deanonymization
Personal Data
Privacy
Regulatory Risk
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Dark Data Risks

A list of dark data risks.

Data Risks

A definition of data risk with examples.

Data Loss

The common types of data loss.

Data Breach

A definition of data breach with a few examples.

Personal Data Types

A list of the common types of personal data.

Data Security

A list of common data security techniques.

Data Remanence

An overview of data remanence.

Delete vs Wipe

The difference between deleting data and wiping it.

Data Masking vs Redaction

The difference between data masking and redaction.

Degaussing

A definition of degaussing as a data security technique.

Data Control

A definition of data control with examples.

Data States

An overview of the three data states.

Personal Data

Examples of the common types of personal data.

Cybersecurity Risk

An overview of cybersecurity risk at the organizational level.

Confidential Information

An overview of confidential information with examples.
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