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Risk

A measure of the extent to which an entity is threatened by a potential circumstance or event, and typically a function of 1) the adverse impacts that would arise if the circumstance or event occurs; and 2) the likelihood of occurrence.

Source: 

[CNSSI 4009:2010] National Information Assurance (IA) Glossary, Committee on National Security Systems (CNSS), CNSS Instruction No. 4009, 2010.

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