Question: Explain and define the below steps for IT risk Risk Identification : The purpose of risk identification is to reveal what, where, when, why, and

Explain and define the below steps for IT risk

  1. Risk Identification: The purpose of risk identification is to reveal what, where, when, why, and how something could affect a company's ability to operate. For example, a business located in central California might include "the possibility of wildfire" as an event that could disrupt business operations.
  2. Risk Analysis:
  3. Risk Evaluation:
  4. Risk Treatment:
  5. Risk Monitoring:

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