What are types of risk

Question

Accepted Answer

Types of risk include financial, operational, strategic, compliance, reputational, and physical.

Financial risk involves potential losses due to market fluctuations, credit defaults, or other financial factors.
Operational risk arises from internal processes, systems, or human error.
Strategic risk is the potential for losses due to changes in business strategy or external factors.
Compliance risk involves failure to comply with laws, regulations, or industry standards.
Reputational risk is the potential for damage to a company's reputation due to negative publicity or other factors.
Physical risk involves potential harm to people, property, or the environment.
Examples of risk include cyber attacks, natural disasters, supply chain disruptions, and product recalls.

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