- Risk is the possibility or chance of loss, danger or injury.
- An example of risk is a teenage boy on a car insurance policy.
- An example of risk is a vacation in the Middle East during a war.
- Risk is defined as to expose someone or something to a dangerous situation.
An example of risk is going into a burning building to save someone.
risk definition by Webster's New World
- the chance of injury, damage, or loss; dangerous chance; hazard
- the chance of loss
- the degree of probability of loss
- the amount of possible loss to the insuring company
- a person or thing with reference to the risk involved in providing insurance
- the type of loss that a policy covers, as fire, storm, etc.
Origin: French risque ; from Italian risco, risico ; from risicare, to risk ; from Vulgar Latin an unverified form risicare
- to expose to the chance of injury, damage, or loss; hazard: to risk one's life
- to incur the risk of: to risk a fight
Origin: Fr risquer
- risker noun
risk definition by American Heritage Dictionary
- The possibility of suffering harm or loss; danger.
- A factor, thing, element, or course involving uncertain danger; a hazard: “the usual risks of the desert: rattlesnakes, the heat, and lack of water” (Frank Clancy).
- a. The danger or probability of loss to an insurer.b. The amount that an insurance company stands to lose.
- a. The variability of returns from an investment.b. The chance of nonpayment of a debt.
- One considered with respect to the possibility of loss: a poor risk.
- To expose to a chance of loss or damage; hazard. See Synonyms at endanger.
- To incur the risk of: His action risked a sharp reprisal.
Origin: French risque, from Italian risco, rischio.
- riskˈer noun
risk - Business Definition
risk - Computer Definition
In security, its assessment is an attempt to assess or measure the likelihood that a cracker will successfully exploit system or network vulnerabilities. In its 2004 Global Security Survey, Deloitte reported that 83% of respondents confirmed that their companies’ systems had been exploited in some way in 2003—and the percentage is likely higher because of respondent underreporting. These compromised systems cost companies money. For example, in 2002, NetworkITWeek in the United Kingdom noted that KMPG consultants estimated that security breaches cost businesses an average of $108,000.
The underlying principle behind risk assessment considers three critical elements: assets, threats, and vulnerabilities. Assets include tangible items having value, such as computer systems, as well as intangible items having value, such as the company’s reputation. Thus, a primary step in risk assessment is to determine the items of value and their approximate value amounts—just as homeowners would determine their items of value and their approximate value amounts in order to buy the appropriate amount of insurance.
Threats are defined as the means that could be used by crackers or company insiders to compromise the company’s computer systems. An action plan and appropriate security devices should be employed to counter these threats.
Vulnerability assessment indicates the likelihood that an exploit could occur, including where in the system and how. Questions that typically need answering include, for example, the following: Are passwords produced properly and amended regularly? Are systems locked-down and are networks adequately secured?
A major challenge facing system administrators is to consider the threats to which valued company assets are vulnerable and determine what security efforts are required—and in what priority—to not only stop possible exploits from occurring but also to be able to quickly and effectively recover from these exploits should they occur.
McLean, D. Companies Neglect IT Security At Their Peril. The Globe and Mail, May 12, 2005, p. B9; Schell, B.H. and Martin, C. Contemporary World Issues Series: Cybercrime: A Reference Handbook. Santa Barbara, CA: ABC-CLIO, 2004.
The expectation of loss. It is a function of the probability and the consequences of harm. See risk assessment.
risk - Investment & Finance Definition
The possibility that a negative event will occur, such as the value of investments declining below what was paid for them or investments losing all value. Investors attempt to minimize risk through diversification.
risk - Legal Definition
- Peril, danger, the chance of loss or injury.
- Liability for injury, loss, or damage, by statute placed upon the manufacturer rather than the consumer, should it happen from normal use of a product.
risk - Medical Definition
- The possibility of suffering a harmful event.
- A factor or course involving uncertain danger, as with smoking or exposure to radiation.
risk - Phrases/Idioms