Security risks can be categorized into several types:
Cybersecurity Risks: These include threats such as malware, ransomware, phishing attacks, and data breaches that target the digital infrastructure of a business. Physical Security Risks: Risks involving unauthorized physical access to business premises, theft of hardware, or damage to physical assets. Internal Risks: Threats posed by employees or insiders who may have access to sensitive information. These can include malicious actions or unintentional errors. Compliance Risks: Failure to comply with industry regulations and standards, which can lead to legal penalties and loss of credibility.