<p>At the end of my last post, I promised to provide visibility into categories and types of risk, and to provide visibility emphasis into Cyber Risks and their systemic interconnectedness with and potential impacts on business operations. This will take more</p><p>The most important consideration to fully embrace in understanding Risk to your Business today is that Digital and Information Technology Systems are the lifeblood of your business. Even the simplest “mom and pop business” utilizes information technology, online tools, and services today.</p><p><strong>Cyber Insecurity creates the opportunity for Business Interruption</strong></p><p><strong>Cybersecurity is a Business Decision</strong></p><p>To start, let’s first explore categories of risk to your business.</p><ul><li>Strategic Risks</li><li>Operational Risks</li><li>Financial Risks</li><li>Hazard Risks</li></ul><p><strong>Strategic risks</strong> are the things that can harm your business in a manner that impedes your business’s ability to achieve its strategic goals and objectives.&nbsp;</p><p><strong>Operational risks</strong> are the things that can prevent your business from carrying out day-to-day operational activities in either small or large ways.</p><p><strong>Financial risks</strong> are the things that have the potential to harm your business’s financials.&nbsp;</p><p><strong>Hazard risks</strong> can harm your business’s physical assets and employees and contractors.</p><p>Every business faces a large list of risks in each of these categories.</p><p>&nbsp;</p>