Part 1: Risk Identification and Assessment

Step 1: Risk Identification

External Threats:

• Market Competitions
• Intellectual Property Theft
• Data Privacy Violations

Internal Threats:

• Employee Negligence
• Poor Data Management
• System Misconfigurations

Operational Threats:

• Website Downtime
• Payment Processing Failures
• Poor User Experience

Environmental Threats:

• Natural Disasters
• Power Outage
• Climate Change Effects

Step 2: Risk Assessment