What is Cyber Risk ?

Cyber risk refers to the potential harm or adverse consequences that can arise from the exploitation of vulnerabilities in an organization’s digital systems, networks, or assets. It encompasses the likelihood of a cyberattack, data breach, or unauthorized access leading to financial losses, reputational damage, operational disruptions, and the compromise of sensitive information.
Cyber risk management involves identifying, assessing, and mitigating these threats to safeguard digital assets and maintain the confidentiality, integrity, and availability of critical information in the digital age.