Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences.
Critical infrastructure, or critical national infrastructure (CNI) in the UK, describes infrastructure considered essential by governments for the functioning of a society and economy and deserving of special protection for national security.
A penetration test, colloquially known as a pentest or ethical hacking, is an authorized simulated cyberattack on a computer system, performed to evaluate the security of the system; this is not to be confused with a vulnerability assessment. The test is performed to identify weaknesses, including the potential for unauthorized parties to gain access to the system's features and data, as well as strengths, enabling a full risk assessment to be completed.
Climate change affects the physical environment, ecosystems and human societies. Changes in the climate system include an overall warming trend, more extreme weather and rising sea levels. These in turn impact nature and wildlife, as well as human settlements and societies. The effects of human-caused climate change are broad and far-reaching. This is especially so if there is no significant climate action. Experts sometimes describe the projected and observed negative impacts of climate change as the climate crisis.
The economic analysis of climate change explains how economic thinking, tools and techniques are applied to calculate the magnitude and distribution of damage caused by climate change. It also informs the policies and approaches for mitigation and adaptation to climate change from global to household scales. This topic is also inclusive of alternative economic approaches, including ecological economics and degrowth. In a cost–benefit analysis, the trade offs between climate change impacts, adaptation, and mitigation are made explicit. Cost–benefit analyses of climate change are produced using integrated assessment models (IAMs), which incorporate aspects of the natural, social, and economic sciences. The total economic impacts from climate change are difficult to estimate, but increase for higher temperature changes.
In the U.S., critical infrastructure protection (CIP) is a concept that relates to the preparedness and response to serious incidents that involve the critical infrastructure of a region or the nation. The American Presidential directive PDD-63 of May 1998 set up a national program of "Critical Infrastructure Protection". In 2014 the NIST Cybersecurity Framework was published after further presidential directives.
Climate change adaptation is the process of adjusting to the effects of climate change. These can be both current or expected impacts. Adaptation aims to moderate or avoid harm for people. It also aims to exploit opportunities. Humans may also intervene to help adjustment for natural systems. There are many adaptation strategies or options. They can help manage impacts and risks to people and nature. Adaptation actions can be classified in four ways: infrastructural and technological; institutional; behavioural and cultural; and nature-based options.
In its broadest sense, social vulnerability is one dimension of vulnerability to multiple stressors and shocks, including abuse, social exclusion and natural hazards. Social vulnerability refers to the inability of people, organizations, and societies to withstand adverse impacts from multiple stressors to which they are exposed. These impacts are due in part to characteristics inherent in social interactions, institutions, and systems of cultural values.
Climate risk is the potential for negative consequences for human or ecological systems from the impacts of climate change. It refers to risk assessments based on formal analysis of the consequences, likelihoods and responses to these impacts and how societal constraints shape adaptation options. However, the science also recognises different values and preferences around risk, and the importance of risk perception.
Information technology risk, IT risk, IT-related risk, or cyber risk is any risk relating to information technology. While information has long been appreciated as a valuable and important asset, the rise of the knowledge economy and the Digital Revolution has led to organizations becoming increasingly dependent on information, information processing and especially IT. Various events or incidents that compromise IT in some way can therefore cause adverse impacts on the organization's business processes or mission, ranging from inconsequential to catastrophic in scale.
A hazard is a potential source of harm. Substances, events, or circumstances can constitute hazards when their nature would allow them, even just theoretically, to cause damage to health, life, property, or any other interest of value. The probability of that harm being realized in a specific incident, combined with the magnitude of potential harm, make up its risk, a term often used synonymously in colloquial speech.
IT risk management is the application of risk management methods to information technology in order to manage IT risk, i.e.:
The Arctic is a vast polar region comprising the northernmost parts of Canada, Norway, Greenland (Denmark), Sweden, Finland, the United States (Alaska), Iceland and Russia. In recent years, the Arctic has been at the forefront of political and social issues. Several matters have risen surrounding the issues of poverty and global warming and their effects on indigenous people in this region. Indigenous people in the Arctic statistically fall below their nation's poverty line.
Climate resilience is defined as the "capacity of social, economic and ecosystems to cope with a hazardous event or trend or disturbance". This is done by "responding or reorganising in ways that maintain their essential function, identity and structure while also maintaining the capacity for adaptation, learning and transformation". The key focus of increasing climate resilience is to reduce the climate vulnerability that communities, states, and countries currently have with regards to the many effects of climate change. Efforts to build climate resilience encompass social, economic, technological, and political strategies that are being implemented at all scales of society. From local community action to global treaties, addressing climate resilience is becoming a priority, although it could be argued that a significant amount of the theory has yet to be translated into practice.
The Global Sustainability Assessment System (GSAS) [Originally QSAS] is the first performance-based system in the Middle East and North Africa (MENA) region, developed for assessing and rating buildings and infrastructure for their sustainability impacts. In 2016, FIFA officially endorsed GSAS as the sustainability assessment system for Qatar's eight stadiums set to host the 2022 FIFA World Cup. The primary objective of GSAS is to create a sustainable built environment that minimizes ecological impact and reduces resources consumption while addressing the local needs and environmental conditions specific to the region. GSAS adopts an integrated lifecycle approach for the assessment of the built environment including design, construction and operation phases.
Climate security is a political and policy framework that looks at the impacts of climate on security. Climate security often refers to the national and international security risks induced, directly or indirectly, by changes in climate patterns. It is a concept that summons the idea that climate-related change amplifies existing risks in society that endangers the security of humans, ecosystems, economy, infrastructure and societies. Climate-related security risks have far-reaching implications for the way the world manages peace and security. Climate actions to adapt and mitigate impacts can also have a negative effect on human security if mishandled.
Climate change and agriculture are complexly related processes. In the United States, agriculture is the second largest emitter of greenhouse gases (GHG), behind the energy sector. Direct GHG emissions from the agricultural sector account for 8.4% of total U.S. emissions, but the loss of soil organic carbon through soil erosion indirectly contributes to emissions as well. While agriculture plays a role in propelling climate change, it is also affected by the direct and secondary consequences of climate change. USDA research indicates that these climatic changes will lead to a decline in yield and nutrient density in key crops, as well as decreased livestock productivity. Climate change poses unprecedented challenges to U.S. agriculture due to the sensitivity of agricultural productivity and costs to changing climate conditions. Rural communities dependent on agriculture are particularly vulnerable to climate change threats.
Climate change vulnerability is a concept that describes how strongly people or ecosystems are likely to be affected by climate change. It is defined as the "propensity or predisposition to be adversely affected" by climate change. It can apply to humans and also to natural systems. Related concepts include climate sensitivity and the ability, or lack thereof, to cope and adapt. Vulnerability is a component of climate risk. Vulnerability differs within communities and across societies, regions, and countries, and can increase or decrease over time.
