What is IT risk management?

IT risk management refers to the systematic process organizations use to identify, evaluate, and prioritize risks associated with their information technology systems and operations. It involves recognizing potential threats to IT infrastructure, such as cybersecurity breaches, system failures, and compliance issues, and then developing strategies to mitigate those risks effectively.

This process is crucial for safeguarding sensitive data, ensuring operational continuity, and maintaining compliance with regulatory requirements. By proactively assessing and addressing these vulnerabilities, organizations can reduce the likelihood of incidents that could disrupt business operations or lead to financial losses.

The other options do not encompass the full scope of IT risk management. Managing employee performance focuses on human resource aspects rather than IT-related risks. Monitoring network speeds is a specific technical task that does not address how risks are managed strategically. Similarly, managing daily IT tasks relates to routine operations rather than the comprehensive risk identification and mitigation strategies central to IT risk management.