Information technology risk management

Information technology (IT) plays a critical role in many businesses.

If you own or manage a business that makes use of IT, it is important to identify risks to your IT systems and data, to reduce or manage those risks, and to develop a response plan in the event of an IT crisis. Business owners have legal obligations in relation to privacy, electronic transactions, and staff training that influence IT risk management strategies.

IT risks include hardware and software failure, human error, spam, viruses and malicious attacks, as well as natural disasters such as fires, cyclones or floods.

You can manage IT risks by completing a business risk assessment. Having a business continuity plan can help your business recover from an IT incident.

This guide helps you understand IT risks and provides information about ways to prepare for and respond to IT incidents.