Provide a constructive response to the following paragraph. The IT department must approach risk management in this organization as it impacts the life cycle of the business, information, and system. All risk categories must be considered, including the administrative, Technical, physical, and functional risks associated with the organization's use of information. The control and management of risk must protect the organization's assets (systems, equipment, data, facilities, processes, and even people) and ensure that the business uses information and systems to comply with laws and regulations or other governance requirements to reduce overall risk to the organization and its asset. The IT department must understand that management is accountable and responsible for Risk. Therefore, IT recommendations must balance business objectives and align with management and control of information and system security to ensure confidentiality, integrity, and availability. For effective management and control of risks and to minimize threats, vulnerability, and risks, decisions must include financial management risk, technical, business, risk tolerance, treatment, mitigation, ownership of risk by different departments or owners of information, and more. (Gregory, P. H., Dunkerley, D., & Rogers, B. E. (2022))