Business risk:

Business risk refers to the chances or probability of occurrence of such events which will lower the expected profitability of a business.

In other words, business risk can be defined as the chance where the business fails to achieve its desired objectives. For example, a company may lose its customers if the competitor introduces an innovative product.

Information risk is a type of business risk which may affect business adversely. For instance, all business decisions are based on information. If a misleading information floats in a company then a company may take a wrong decision that will affect company’s profitability in future.