Types of Technology Risk

As businesses worldwide become increasingly dependent on technology, exposure to various types of technological risk continues to grow. Working with technology inherently means opening up the possibility of various attacks and potential threats. Common examples include hardware and software failure, human error, spam, viruses and malicious attacks. In addition, unexpected events like natural disasters and physical crime pose a direct threat to the technology and IT systems businesses rely on. Technological risk can only be managed effectively when treated as an important core element of a wider risk management program.

Explore the modern face of technological risk and IT risk management with this insightful tutorial. Study the various types of technology risk, along with their associated consequences and preventative measures. Additional sub-topics include the scope of technology risk management, the primary technology types, the investment decision-making process and how to manage all types of technological risk more effectively.