risk
potential for uncontrolled loss due to underlying vulnerability or uncertainties
damaging event
concept from insurance law and refers to an event that leads to damage
Audit risk
risk that an auditor may issue an unqualified report due to the auditor's failure to detect material misstatement either due to error or fraud
insurable risk
risk that can be covered by a policy from an insurance provider, which typically shares certain common characteristics
climate security
environmental aspect of geopolitics
residual risk
the amount of risk or danger associated with an action or event remaining after natural or inherent risks have been reduced by risk controls
acceptable risk
a risk exposure that is currently deemed acceptable
safety risk
risk of bodily injury or property damage
unintended consequences
outcomes that are not the ones intended or foreseen by a purposeful action, resulting from a variety of reasons, including the world's inherent complexity as well as cognitive or emotional biases
global problem
any global social, economic, political or environmental problem that has already arisen or can arise from global change or globalization
cascade effect
inevitable and sometimes unforeseen chain of events due to an act affecting a system
external risk
risks that are generally uncontrollable by the first party, or produced by a non-human source and beyond human control
biological risk
risk associated with biological materials and/or infectious agents, in terms of the probability of harm occurrence and the severity of the hazard
crisis
type of event that is an unstable and dangerous situation affecting an individual, group, community, or whole society
consumer's risk
risk that a product not up to standard will pass through quality checks
technology risk
risk of emerging or traditional technology, frequently associated with inadequate provision of essential dependency, control or safeguards
kurtosis risk
term in decision theory
conflict of interest
situation occurring when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation
extreme risk
risk of very bad outcomes or "high consequence", but of low probability.
business risk
legal term
strategic risk
risk that poor or indecisive decisions may pose to a company, organization or social entity
blowback
unintended consequences of a covert operation that are suffered by the aggressor
financial risk
any of various types of risk associated with financial transactions, financing or investment
information silo
insular management system in which one information system or subsystem is incapable of reciprocal operation with others that are, or should be, related
global risk
hypothetical future event on the Earth with adverse impact on a global scale
non-financial risk
risks which are not covered by traditional financial risk management
Suffering risks
risks of astronomical suffering
Wrong Way Risk
concept in risk management
Inherent risk
an assessed level of raw or untreated risk, in absence of risk mitigation efforts