There are various types of risks that organizations can face, and the nature of the risks usually depends on the industry or market in which they operate. However, there are some common risks that can impact any organization. These include:
Strategic risks, such as the entry of a new competitor in the market
Compliance and regulatory risks, such as the introduction of new rules and legislation
Financial risks, such as interest rate increases on corporate loans or non-payment
Operational risks, such as IT viruses or theft of equipment
Additionally, there are other types of risks, including natural disasters, health and safety crises, and commercial risks, such as failures from key suppliers or customers.