What role does IT play in risk management?

The role of IT in risk management is multifaceted and integral to the modern organizational framework. The correct answer highlights that IT helps in identifying, assessing, and mitigating risks through technology solutions and frameworks. This means that IT departments play a critical role in developing and implementing systems that allow organizations to effectively recognize potential risks to their operations, assets, and information.

Through data analytics, risk assessment tools, and monitoring systems, IT can pinpoint vulnerabilities before they lead to significant issues. Additionally, IT supports the implementation of controls and response strategies that can effectively mitigate identified risks. This encompasses not only cybersecurity but also operational and compliance risks that may affect the organization.

The other options do not encompass the complete picture of IT in risk management. For instance, stating that IT exclusively handles financial transactions minimizes its broader responsibilities in risk assessment and management. Focusing solely on cybersecurity threats neglects other operational risks that IT also addresses. Lastly, emphasizing employee productivity diminishes the critical role that IT plays in the comprehensive risk management strategy of an organization. Therefore, the correct answer accurately reflects the extensive role IT plays in enhancing an organization's overall risk management capabilities.