Businesses are confronted with risk every day. Without risk a business or organisation would not grow.

“Risk management is the process of identifying vulnerabilities and threats to the information resources used by an organization in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the information resource to the organization.”¹⁾

Risk management is relevant to all organisations (public and private, large or small). It should be a part of the culture of the organisation, with a programme and an effective policy led by top management with transparent responsibilities laid down for every manager and employee to be involved in the management of risk. Risk management supports performance measurement, accountability and reward thus improving efficiency at all levels.

The reasons of channel conflicts are existing linkages and cooperations. This article explains channel conflicts in detail.

This article explains the reason for exchange rate risk.

An overview and examples of online fraud schemes can be found in this article.