Limit the factors that contribute to risk. Reduce the number of people with access rights. Restrict hours of availability for systems. Control your realm. Create and monitor IT procedures.
Risk management is a venerable tool in finance.
Bankers have long used risk-management techniques to determine whether you're creditworthy of a home or business loan. One of the most basic tenets in taking risk for a bank is to assure that the officers who sell loans aren't the same ones who approve credit. But that has changed dramatically, he says. Risk is understood to be everywhere in business, finance, information technology and just getting out of bed in the morning. The difference between uncertainty and risk is that you can quantify the impact of risk but not uncertainty.