Risk management is the formal process of continuously identifying and assessing risk in an effort to reduce the impact of threats and vulnerabilities.

You cannot eliminate risk completely but you can determine acceptable levels by weighing up the impact of a threat with the cost of implementing controls to mitigate it. The cost of a control should never be more than the value of the asset you are protecting.
Risk management is the formal process of continuously identifying and assessing risk in an effort to reduce the impact of threats and vulnerabilities. You cannot eliminate risk completely but you can determine acceptable levels by weighing up the impact of a threat with the cost of implementing controls to mitigate it. The cost of a control should never be more than the value of the asset you are protecting.
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