Cyber Security Risk

1. Cyber security risk refers to the potential impacts that an organisation can suffer from a cyber security attack that has affected their information assets, disrupting business operations. Notes (1): Cyber Security Risk is used interchangeably with Cyber Risk Related Term: Cyber Security Attacks; Cyber Security Incident Response; Cyber Security Threats; Cyber Security Incident Click to know more about expert level training (Source: Business Continuity Management Institute - BCM Institute)

 

A Manager’s Guide to Business Continuity Management for Cybersecurity Incident Response

2. Cyber risk is commonly defined as exposure to harm or loss resulting from breaches of or attacks on information systems. However, this definition must be broadened. A better, more encompassing definition is “the potential of loss or harm related to technical infrastructure or the use of technology within an organization.” (RSA, 2013)
Source: (RSA, 2013)

3. Cyber risk is any risk or financial loss, disruption, or damage to the reputation of an organization from any type of failure within their information technology systems.
Source: (University of Connecticut, 2016)