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IT risk management is the application of risk management methods to information technology in order to manage IT risk, i.e.: The business risk associated with the use, ownership, operation, involvement, influence and adoption of IT within an enterprise or organization IT risk management can be considered a component of a wider enterprise risk management system. Different methodologies have been proposed to manage IT risks, each of them divided into processes and steps. Generally speaking, risk is the product of likelihood times impact (Risk = Likelihood * Impact).

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