Risk management is crucial in IT. Several examples of potential risks in IT include: resources available to do the work (staff and hardware), availability of funds for the work (budget), environmental threats (floods/hurricanes/fire), security threats (viruses/ransomware). Examples of risks affecting organizations can be easily foundonline http://www.inforisktoday.com/news. Answer the following questions:
1. What is Risk Management
2. Why is Risk Management so important to an organization. Feel free to include a news article where an organization faced a risk.
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