Can you give a specific example of a risk?

A specific risk in QA could be, for example, the risk of missing a critical defect due to insufficient test coverage or incorrect prioritization of test cases.

For instance, if a release includes new functionality related to payment, and testing of this part is superficial, there is a risk that a bug in payment could reach production, leading to financial losses and damage to reputation.

Another example is the risk of release delay due to insufficient automation of testing, where manual testing takes too much time.