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2.4.1.4.6 Theft risk

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This risk refers to the removal or illicit confiscation of property belonging to another person or entity with the intent to illegally assume ownership or to give it to a third party. In the context of financial institutions, this is the risk of information being stolen and handed to third parties outside the bank. As such, it may lead to data privacy violations as a result of theft risk events.

Non-financial Risk Management in the Financial Industry

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