MANAGEMENT

Detailed explanation-1: -Technology risk, also known as information technology risk, is a type of business risk defined as the potential for any technology failure to disrupt a business. Companies face many types of technology risks, such as information security incidents, cyber attacks, password theft, service outages, and more.

Detailed explanation-2: -IT security risk assessments focus on identifying the threats facing your information systems, networks and data, and assessing the potential consequences you’d face should these adverse events occur.

Detailed explanation-3: -Identify potential risks that could impact your new product launch and classify each risk into categories. Combine to eliminate duplicates and move forward with only unique risks. Rate each risk based on impact and likelihood. Prioritize to ensure the right risks are managed going forward.