Business
Bieberfeverkaty
35

The database of Aster Corp. was hacked and confidential data was leaked to its competitors. This resulted in a huge financial loss and a loss of goodwill for the company. What is this business risk known as? operational risk exchange risk political risk expansion risk survival risk

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genevievewentz

This business risk is known as the operational risk. The operational risk is a possibility of loss resulting from a failed operational procedures, systems, and policies. Adequate procedures, systems, and policies must have been made to control and monitor the flow of a company's business operation.

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