information technology risk management

nouncandidate·updated May 9, 2026

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Information Technology risk management is the application of the principles of risk management to an Information Technology organization in order to manage the risks associated with the field. Information Technology risk management aims to manage the risks that come with the ownership, involvement, operation, influence, adoption and use of Information Technology as part of a larger enterprise. Information Technology risk management is a component of a larger enterprise risk management system. This encompasses not only the risks and negative effects of service and operations that can degrade organizational value, but it also takes the potential benefits of risky ventures into account.

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FFIEC Cybersecurity Assessment Tool, Baseline, May 20171 senseview framework →

§1: Information Technology risk management is the application of the principles of risk management to an Information Technology organization in order to manage the risks associated with the field. Information Technology risk management aims to manage the risks that come with the ownership, involvement, operation, influence, adoption and use of Information Technology as part of a larger enterprise. Information Technology risk management is a component of a larger enterprise risk management system. This encompasses not only the risks and negative effects of service and operations that can degrade organizational value, but it also takes the potential benefits of risky ventures into account.