Risk Management in Information Systems (IS)
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  • Release Date: 2022-01-20
  • risk management
  • information systems
  • risk assessment
  • risk control
  • risk policy
Video Introduction

This video is adapted from 10.3390/electronics10243065

Businesses are bombarded with great deals of risks, vulnerabilities, and unforeseen business interruptions in their lifetime, which negatively affect their productivity and sustainability within the market. Such risks require a risk management system to identify risks and risk factors and propose approaches to eliminate or reduce them.

Risk management involves highly structured practices that should be implemented within an organization, including organizational planning documents. Continuity planning and fraud detection policy development are among the many critically important practices conducted through risk management that aim to mitigate risk factors, their vulnerability, and their impact.

Information systems play a pivotal role in any organization by providing many benefits, such as reducing human errors and associated risks owing to the employment of sophisticated algorithms. Both the development and establishment of an information system within an organization contributes to mitigating business-related risks and also creates new types of risks associated with its establishment. Businesses must prepare for, react to, and recover from unprecedented threats that might emerge in the years or decades that follow.

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Taherdoost, H. Risk Management in Information Systems (IS). Encyclopedia. Available online: https://encyclopedia.pub/video/video_detail/181 (accessed on 21 April 2024).
Taherdoost H. Risk Management in Information Systems (IS). Encyclopedia. Available at: https://encyclopedia.pub/video/video_detail/181. Accessed April 21, 2024.
Taherdoost, Hamed. "Risk Management in Information Systems (IS)" Encyclopedia, https://encyclopedia.pub/video/video_detail/181 (accessed April 21, 2024).
Taherdoost, H. (2022, January 20). Risk Management in Information Systems (IS). In Encyclopedia. https://encyclopedia.pub/video/video_detail/181
Taherdoost, Hamed. "Risk Management in Information Systems (IS)." Encyclopedia. Web. 20 January, 2022.