What is IT Risk Management? A Complete Guide

## Executive summary This whitepaper explains information risk (confidentiality, integrity, availability) and presents a seven-step IT risk management process—identify vulnerabilities, analyze data types, evaluate and prioritize risks, set risk tolerance, mitigate risks, leverage data-security solutions, and continuously monitor—plus six best practices including supply-chain monitoring, compliance tracking, incident response planning, stakeholder education, and continuous improvement; it emphasizes continuous monitoring and vendor risk management and highlights SecurityScorecard’s ratings platform as a tool to manage third-party and enterprise cyber risk.