IT risk management involves identifying, assessing, and prioritizing risks to an organization's information technology assets and implementing strategies to mitigate those risks. The goal is to protect the organization's data, systems, and networks from threats that could compromise their confidentiality, integrity, and availability.

Risk Assessment Tools and Techniques: Utilizing various tools and techniques to assess and manage risks, such as:
• SWOT Analysis: Identifying strengths, weaknesses, opportunities, and threats.
• Risk Matrices: Visualizing risks based on their likelihood and impact.
• Scenario Analysis: Exploring potential scenarios and their impacts on the organization.