Definition of Emerging Risk

Emerging risk: A new or unforeseen risk that we haven’t yet contemplated. This is a risks that should be on our radar, but is not, and its potential for harm or loss is not fully known.

Adopted From: Enterprise Risk Management Initiative Staff. Identifying and Evaluating Emerging Risks. NC State Poole College of Management Enterprise Risk Management Initiative, NC State Poole College of Management, 9 Oct. 2017, erm.ncsu.edu/library/article/identifying-and-evaluating-emerging-risks.