Risk Management

Risk management is about balancing off probabilities of threats and costs of assets.

Risk management is about balancing off probabilities of threats and costs of assets. Adapted from image by Clker-Free-Vector-Images from Pixabay.

The list of threats that can affect a company, their risk levels, the decisions on which threats to prioritize, and the tools (hardware, software, etc.) that the company plans to use to control the threats are collectively called a threat model.