ICT risk definition

ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems, - including a malfunction, capacity overrun, failure, disruption, impairment, misuse, loss or other type of malicious or non- malicious event - which, if materialised, may compromise the security of the network and information systems, of any technology-dependant tool or process, of the operation and process’ running, or of the provision of services, thereby compromising the integrity or availability of data, software or any other component of ICT services and infrastructures, or causing a breach of confidentiality, a damage to physical ICT infrastructure or other adverse effects;

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ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment;

ICT risk means the risk of losses or potential losses related to the use of network information systems or communication technology, including breach of confidentiality, failure of systems, unavailability or lack of integrity of data and systems, and cyber risk;

Examples of ICT risk in a sentence

As part of the ICT risk management framework referred to in Article 5(1) and based on the identification requirements set out in Article 7, financial entities shall put in place comprehensive ICT Business Continuity Policy, which may be adopted as a dedicated specific policy forming an integral part of the overall business continuity policy of the financial entity.
The management body of the financial entity shall define, approve, oversee and be accountable for the implementation of all arrangements related to the ICT risk management framework referred to in Article 5(1).
As part of the ICT risk management framework referred to in Article 5(1), financial entities shall identify, classify and adequately document all ICT supported business functions, roles and responsibilities, the information assets and ICT assets supporting these functions, and their roles and dependencies with ICT risk.
As part of the ICT risk management framework referred to in Article 5(1), financial entities shall implement communication policies for staff and for external stakeholders.
They shall map the evolution of ICT risks over time, analyse the frequency, types, magnitude and evolution of ICT-related incidents, in particular cyber-attacks and their patterns, with a view to understand the level of ICT risk exposure, notably in relation to critical or important functions, and enhance the cyber maturity and preparedness of the financial entity.

More Definitions of ICT risk

ICT risk means the risk of losses ▌related to any reasonable identifiable circumstances in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, ▌of operations and processes, or ▌of the provision of services by producing adverse effects in the digital or physical environment;

ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems ▌ which, if materialised, may compromise the security of the network and information systems, of any ICT-dependent tool or process, of the operation and process’ running, or of the provision of services▌;

ICT risk means the risk of loss ▌related to any reasonably identifiable circumstances related to the use of network and information systems which, if materialised, might compromise the security of the network and information systems, of any technology-dependent tool or process,

ICT risk means any circumstance which, if materialised, may compromise the security of or adversely affect the network and information systems, any technology-dependant tool or process, the operation and process’ running, or the provision of services;

ICT risk means any reasonably identifiable circumstance derived from the

ICT risk means the risk of losses or potential losses related to the use of information technology and communication systems, including, but not limited to, breach of confidentiality, failure

ICT risk means any reasonably identifiable circumstance or event having a potential adverse effect on the network and information systems, - including a malfunction, capacity overrun, failure, disruption, impairment, misuse, loss or other type of malicious or non-malicious event