Risk Management

What Is Risk Management?

Short definition:
Risk management is the process of identifying, reducing, and monitoring risks to your business.

What this actually means for a business:
It involves putting safeguards in place—like security tools, policies, and backups—to minimize disruptions and losses.

Common misconception:
Many think it’s reactive. Effective risk management is proactive and ongoing.

When this matters:
If you want to reduce downtime, protect data, and avoid costly incidents.

Related terms: Risk, Risk Assessment, Business Continuity