Risk is the possibility of something bad happening, comprising a level of
uncertainty about the effects and implications of an activity, particularly
negative and undesirable consequences.
Risk theory, assessment, and management are applied but substantially differ
in different practice areas, such as business, economics, environment,
finance, information technology, health, insurance, safety, security, and
privacy. The international standard for risk management, ISO 31000, provides
general guidelines and principles on managing risks faced by organizations.
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