Glossary

Managing cyber risk involves not only preventing data breaches but also implementing proactive measures to mitigate potential harm to the organization’s finances, intellectual property, and reputation. This includes assessing and prioritizing potential threats, implementing robust security controls and protocols, conducting regular security audits and assessments, and ensuring rapid response and recovery mechanisms in the event of a cyber incident. By taking a comprehensive approach to cyber risk management, organizations can safeguard their online presence and minimize the impact of cyber threats on their operations and stakeholders.