Art. 1 Overall risk profile and complexity | RTS on ICT risk management framework |

When developing and implementing the ICT security policies, procedures, protocols and tools referred to in Title II and the simplified ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment; management framework referred to in Title III, the size and the overall risk means the potential for loss or disruption caused by an incident and is to be expressed as a combination of the magnitude of such loss or disruption and the likelihood of occurrence of the incident; profile of the financial entity means a natural or legal person created and recognised as such under the national law of its place of establishment, which may, acting under its own name, exercise rights and be subject to obligations;, and the nature, scale and elements of increased or reduced complexity of its services, activities and operations shall be taken into account, including elements relating to:

encryption and cryptography;
ICT operations security;
network security;
ICT project and change management;
the potential impact of the ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment; on confidentiality, integrity and availability of data, and of the disruptions on the continuity and availability of the financial entity means a natural or legal person created and recognised as such under the national law of its place of establishment, which may, acting under its own name, exercise rights and be subject to obligations;’s activities.