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Risks are considered to be the barriers to adopting new technologies and can be of various types such as financial, security, and compliance. Risks can severely affect decision making and make companies rely on legacy technologies or worse, go out of business. There has always been an issue with security in technology as hackers always find a way around it. Technology is embedded into the most critical processes of operations, and due to this the implications of mistakes, breaches and failures can cause a great harm from a financial and reputational standpoint.