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John Spacey, November 26, 2015 updated on April 18, 2016
Technology risk is any potential for technology failures to disrupt your business such as information security incidents or service outages.|
| Type | Risk | | Definition | The potential for losses due to technology failures. | | Examples | An 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. | | Risk Treatments | AvoidReduceTransferAccept | | Related Concepts | Project RiskInformation Security RiskReputational Risk |
Risks
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