Corporate Risk Management
All methods employed as part of a strategy to manage and mitigate financial risk to a corporation. Each corporation identifies its unique set of risks and then sorts them by significance as a way to determine how to manage threats. This is known as a prioritization process and works to address that the greatest loss is handled first, and other risks with less potential loss are then dealt with in descending order. Risks can arise from a variety of sources including project failures, legal liabilities, cybersecurity threats, credit risk, deliberate attacks, natural disasters, and more.