This paper is an overview of risk management governance in applications, a detailed discussion has been provided regarding the importance of developing and implementing a well-organized risk management governance that will enhance the trust of the users when it comes to using an application and at the same time will also provide them with a safety net which will be designed to protect them from any type of security breach. The paper will also stress on the necessity of the application developers to remain proactive to identify future potential threats that may overpower the existing security system and prepare them accordingly. In case a data leakage is in place, there should be a proper mechanism to identify the leakage and amend it within a short period of time which will work as a damage control initiative. This paper will also discuss certain aspects that are closely related to gaining the trust of the users which may include a proper safety rating system that can be interpreted by the users. Secondly, there is a need to ensure that the apps are demanding for less permission which may assist with reducing the possibility of serious privacy violation in times of data breach.
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