Governance, Safety & Risk Management·Task 5.2·Bloom: remember·Difficulty 1/5·6 min read·Updated 2026-07-14

The LLM System Risk Taxonomy for the CCAR-P Exam

Identify risks, limitations, and failure modes of LLM systems

SUBy Solomon UdohReviewed by Solomon UdohAI-assisted · human-reviewed
In short
The LLM system risk taxonomy is the small set of recurring risk categories an architect checks every design against: direct prompt injection (user input crafted to override instructions), indirect prompt injection (malicious instructions via retrieved content or tool output), token-budget exhaustion (oversized or padded input that truncates work or inflates cost), tool and action abuse (the model induced to call a side-effecting tool outside policy), and data exposure (sensitive fields entering the context or logs where they should not).

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