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The discussions following will limit the risk assessment to IT related issues: security, auditing and disaster recovery.
Risk assessment is determining two quantities of the risk, the magnitude of the potential loss and the probability that the loss will occur. Risk assessment then is a step in the risk management process, http://en.wikipedia.org/wiki/Risk_Assessment. An organization has to have policies in place to identify and manage risks. Oldfield and Santomero (n.d.) developed the following guidelines to successfully implement the risk management policy set up by the business:
? It has to be integral to the firm's business plan...
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