Cyber risk management involves a systematic approach to understanding and managing the various risks that could impact an organization's data, technology, and operations to protect against cyberattacks and data breaches while ensuring business continuity and success.
Several processes make up cyber risk management, including risk assessment, risk quantification, risk mitigation, continuous monitoring, and executive reporting.
Cyber risk management is essential in today's digital world, as organizations face increasingly sophisticated cyber threats. It is not a one-time activity but an ongoing process that adapts to the evolving threat landscape and the organization's changing technology environment.
