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 GovernanceData ManagementData SecurityPrivacyData DataData LossData BreachData Rot | |
