Course overview Information Technology (IT) risk management refers to how a business Institutions assesses, monitors, and treats those risks that arise from business process, network, interne, cyber space, human and digital transformation.IT risk management focuses on the threats and risks to an organization's data and the IT systems that process it. An effective risk management process is an important component of a successful IT security program.The principal goal of an organization's risk management process should be to protect the organization and its ability to perform their mission, not just its IT assets.IT risk management is a critical part of business management.