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Your glossary for risk and compliance

Helpful definitions of all of the terms you need to know to better manage risk and compliance.

Risk
ISO 31000

Risk source

A risk source has the intrinsic potential to give rise to risk. A risk source is where a risk originates. It’s where it comes from. Potential sources of risk
include at least the following: commercial relationships and obligations, legal expectations and liabilities, economic shifts and circumstances, technological
innovations and upheavals, political changes and trends, natural events and forces, human frailties and tendencies, and management shortcomings and excesses. All of these things could generate a risk that must be managed.
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