Which risk pertains specifically to dependability on technology and security?

The risk that pertains specifically to dependability on technology and security is IT Security Risk. This type of risk focuses on the vulnerabilities and threats associated with information technology systems and processes. Given the increasing reliance on digital systems for operations, member data management, and transaction processing, any breach or failure in these systems can have significant consequences. IT Security Risk encompasses a variety of issues, including cyber threats, data breaches, system failures, and the impact of inadequate security measures.

Understanding this risk is critical for credit unions as it affects not only operational integrity but also member trust and regulatory compliance. By recognizing IT Security Risk, organizations can implement strategies to mitigate these threats, such as investing in robust security measures, regular system audits, and employee training on cybersecurity best practices. Ensuring strong IT security safeguards the credit union's assets, protects sensitive member information, and helps maintain a stable operating environment.