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;

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

• The digital operational resilience would be rooted in rules implementing core requirements for a sound ICT risk management framework, in line with the joint ESAs technical advice.

• Co-ordination problems, viz., likely not only affect individual workers, but also others.

• Second, a new and specific capital buffer for ICT risk would be created and it will sit above the capital provisions for operational risk.

• In particular, almost all respondents agreed that all financial entities should have in place an ICT risk management framework based on key common principles, with most of the respondents insisting that these common standards should be risk- based and allow for a proportionate application.

• Such fragmentation is likely to remain also after a revision of the NIS Directive: Such a review can expand the personal and material scope of ICT risk requirements to further parts of the financial sector, but it cannot overcome fragmentation because of the continued interaction with fragmented sectoral legislation.

More Definitions of ICT risk

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 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 reasonably (4) ‘ICT risk’ means any reasonably

ICT risk means any reasonably identifiable circumstance derived from the

ICT risk means any reasonably identifiable circumstance in relation to the

ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialized, 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.