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The risks of IT in business can be classified into several categories, including:

1 Security risks

These risks include cyber attacks, malware, security vulnerabilities, data breaches, and privacy violations.

2 Availability risks

These risks include system failures, human errors, power outages, and natural disasters that can result in business disruptions.

3 Compliance risks

These risks include violations of data protection regulations, government investigations, and legal actions.

4 Performance risks

These risks include issues with the performance of IT systems, disruptions to business operations, and productivity losses.

5 Business relationship risks

These risks include disruptions to relationships with customers, business partners, and investors.

6 Cybersecurity risks

These include hacking threats, phishing attacks, ransomware, and data breaches.

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