What is a risk?
The potential for loss or harm. Risks can be associated with any activity or decision. The "effect of uncertainty on objectives" refers to positive or negative deviations from expected outcomes due to a state of deficiency in information regarding events, consequences, or likelihood. In the context of information security management systems, it specifically relates to the potential impact of uncertainty on information security objectives, encompassing the association of risks with the potential for harm resulting from exploiting vulnerabilities in information assets.