Economic risk refers to erratic economic changes that can decrease sales, revenue, or profits.
Financial risk, in essence, refers to internal and external circumstances that directly impact a company’s profits.
Risks of security and fraud. In today’s rapidly evolving business environment, an increasing number of individuals rely on e-commerce,
Compliance Risk. Businesses must abide by local laws and regulations restricting various business processes, regardless of their business type.
Human risk. Simply put, employees’ failure or inability to carry out their essential responsibilities at work can result in human risks for businesses.
Risk of Reputation. A good business reputation is essential to running a successful business because it demonstrates honesty and trustworthiness
Competitive Risks. Competitive risk arises when a company loses ground to its rivals after establishing itself in an industry.