Information Technology (IT) risk management in community based financal service entities involves identifying, assessing, and mitigating potential risks to the bank’s IT systems and data. This includes risks related to cyber security, data privacy, and compliance with regulations. They should have a comprehensive IT risk management program in place that includes regular risk assessments, security controls, incident response plans, and employee training. Additionally, the financial services should have a strong partnership with a reputable IT security firm to ensure that their systems are up-to-date with the latest security measures and to have access to specialised expertise in managing IT risks.