An IT risk management framework integrates technology risk considerations into broader enterprise risk management, addressing threats to availability, integrity, and confidentiality of IT resources. Components typically include asset classification, threat assessment, vulnerability management, control implementation, and continuous monitoring aligned with frameworks like COBIT, ISO 27001, or NIST. The framework ensures IT investments align with business objectives while maintaining acceptable risk levels. A financial services firm might use such a framework to assess cloud migration risks, evaluate third-party software vulnerabilities, and ensure disaster recovery capabilities meet regulatory requirements.