The Risk Gap

The Risk Gap refers to the difference between the actual risks an organization faces and the risks it perceives or manages effectively. It highlights areas where potential threats or vulnerabilities are underestimated or overlooked, leading to insufficient preparation. This gap can expose the organization to unexpected harm, financial loss, or reputational damage. Recognizing and addressing the risk gap ensures that all significant risks are properly identified, analyzed, and mitigated, helping the organization to be resilient and better prepared for uncertainties.