Risks can be categorized into several types, including:
Strategic Risks: Risks arising from adverse business decisions or improper implementation of business strategies. Operational Risks: Risks stemming from internal processes, people, and systems. Financial Risks: Risks related to financial loss, such as credit risk, liquidity risk, and market risk. Compliance Risks: Risks associated with legal and regulatory obligations. Reputational Risks: Risks that can damage the company's reputation and brand value.