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Crisis Risk Management involves the process of identifying potential crises that could impact an organization, assessing the likelihood and impact of these crises, and developing strategies to mitigate and respond to them effectively. This includes planning for natural disasters, security breaches, financial downturns, and other unexpected events that could threaten the stability and reputation of the organization. By proactively addressing potential risks and having a comprehensive crisis management plan in place, organizations can minimize the negative consequences of crises and ensure business continuity.