Question

What is risk in cyber security?

Answer 1

In the context of cybersecurity, risk is the possibility of damage or loss as a result of attacks that take advantage of weaknesses in an organization's digital environment. It includes the possibility of a security incident happening as well as its possible consequences, such as financial loss, reputational harm, data breaches, and business interruption. Numerous factors influence cybersecurity risk, such as the type of threats (e.g., malware, hackers), vulnerabilities in systems or processes that are already in place, and the efficacy of security measures that have been put in place. The process of managing this risk entails recognizing and evaluating potential threats and vulnerabilities, acting to either accept or mitigate them, maintaining ongoing monitoring, and making adjustments to the always changing cyber threat landscape.