[Crawl-Date: 2026-04-23]
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[URL: https://griffinitgroup.com/it-glossary/it-risk-management]
---
title: What Is IT Risk Management?
description: The process of identifying, assessing, and mitigating risks associated with information technology. IT risk management evaluates threats to confidentialit...
url: https://griffinitgroup.com/it-glossary/it-risk-management
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og_title: What Is IT Risk Management?
og_description: The process of identifying, assessing, and mitigating risks associated with information technology. IT risk management evaluates threats to confidentialit...
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---

# What Is IT Risk Management?
> The process of identifying, assessing, and mitigating risks associated with information technology. IT risk management evaluates threats to confidentialit...

---

Governance

Intermediate
## What Is IT Risk Management?
What Is IT Risk Management? IT Risk Management the process of identifying, assessing, and mitigating risks associated with information technology. IT risk management evaluates threats to confidentiality, integrity, and availability of IT systems and data, then implements controls proportionate to the risk level.

## Why This Matters for Your Business
Every IT system introduces risk — from data breaches and ransomware to hardware failures and vendor lock-in. IT risk management provides a structured approach to understanding these risks and investing in controls that protect the business without over-spending on unlikely scenarios.

## Related Governance Terms

[Intermediate
## IT Governance
The framework of policies, structures, and processes that ensure IT investments support business objectives, manage risk appropriately, and deliver measurable value. IT governance defines who makes technology decisions, how those decisions are made, and how outcomes are measured.](https://griffinitgroup.com/it-glossary/it-governance) [Intermediate
## Technology Governance
The broader discipline of governing all technology decisions and investments across an organization — encompassing IT governance but also extending to operational technology (OT), digital transformation initiatives, data governance, and emerging technology adoption.](https://griffinitgroup.com/it-glossary/technology-governance) [Intermediate
## IT Compliance
The practice of ensuring that IT systems, processes, and data handling meet the requirements of applicable laws, regulations, industry standards, and internal policies. IT compliance spans data privacy (PIPEDA, GDPR), security standards (SOC 2, ISO 27001), and industry-specific regulations.](https://griffinitgroup.com/it-glossary/it-compliance) [Intermediate
## Governance Framework
A structured model that defines the principles, policies, structures, and processes for governing an organization's IT resources. Common governance frameworks include COBIT, ITIL, ISO 27001, and NIST — each providing different perspectives on IT management and control.](https://griffinitgroup.com/it-glossary/governance-framework)

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## Need Help With Governance?

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