Risk Related Guides
Risks
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Technology risk is the potential for technology failures and shortfalls to result in losses. This is actually a broad category of risk that includes the following risks.Cybersecurity Risk | Operational Risk | Vendor Risk | Technology Compliance Risk | Project Risk | Legacy Technology Risk | Data Privacy Risk | Capacity Risk | Technology Budget Risk | Infrastructure Risk | Facility Risk | |
ExamplesAn ecommerce website crashes resulting in lost revenue.A technology project goes over budget and fails to meet goals set out in its business case.A security incident results in theft of customer data resulting in legal liability, reputational damage and compliance issues. A trading algorithm makes a series of illogical trades that result in losses.|
Type | | Definition | The potential for technology failures and shortfalls to result in losses. | Risk Treatments | | Related Concepts | |
Next: Types of Technology Risk
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