What is Risk Management?

Risk Management is the process of identifying, analyzing measuring and as a consequence mitigating and transferring risk

How to deal with risk?

First of all, it is important to realize that in most cases risk can not be completely avoided or it is impractical to eliminate it.

Sure you can eliminate the risk of a cyber attack by removing electronic equiptment and reverting to type writers

Applying Risk Management is primarily about minimzing and controlling risks in order to keep impacts at an acceptable level.