10/08/2023 Computer - IT - Webs
"Cyber risk management" refers to the approach and practices that organizations employ systematically to identify, assess, and lower risks related to cybersecurity threats and vulnerabilities. It comprises a number of preventive measures targeted at protecting sensitive data, maintaining operational continuity, and minimizing the financial losses caused by cyber disasters.
Cyber risk management is focused on identifying the digital risks that an organization might face. This entails identifying and assessing security flaws in computer systems, networks, software, and other technological assets that could be exploited by malicious actors. Organizations can efficiently prioritize their tasks and allocate resources thanks to risk assessments, which provide them with knowledge about their specific risk environment.
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