Security

Evolve Bank & Trust confirms its data was stolen in cyber attack

Evolve Bank & Trust confirmed it was the victim of a cyber attack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management ...

Software

Autonomous driving: New algorithm distributes risk fairly

Researchers at the Technical University of Munich (TUM) have developed autonomous driving software which distributes risk on the street in a fair manner. The algorithm contained in the software is considered to be the first ...

Hi Tech & Innovation

Could your car seat trick brain with walk feels?

What's this? The long-time complaint you have of having to sit in cars during long hours in grueling commutes can be dropped, at least in part. Jaguar Land Rover believes that they will give you a way to trick your body ...

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Risk

Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences. However, in general usage the convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event.

RISK can be defined as “the threat or probability that an action or event will adversely or beneficially affect an organisation's ability to achieve its objectives”[1]. In simple terms risk is ‘Uncertainty of Outcome’, either from pursuing a future positive opportunity, or an existing negative threat in trying to achieve a current objective.

This text uses material from Wikipedia, licensed under CC BY-SA