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IT risk management is the process of managing cybersecurity risks through systems, policies, and technology. The terms IT risk and information risk are often used interchangeably.
An IT risk management program minimizes the impact of data breaches, which could translate to considerable costs savings.
After identifying all assets and their locations, the level of risk of the data stored in them needs to be quantified.
The ISO 27001 family offers requirements for data security management systems, and the ISO 3100 family can provide guidance of internal risk audits.
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