1 year ago

IT risk management and cybersecurity are two essential practices that define the effectiveness and security structure of modern organizations. IT risk management is the process of managing and mitigating risks via careful planning, specialized systems, guidelines, policies, and decisions across various sectors, not just cybersecurity.

IT Risk Management: A subset of operational risk management that deals with risks involving all information technology within an organization.

Cybersecurity risk is one of several types of risks that both IT risk management and cybersecurity deal with, posing a threat to all organizations with a cyber presence.

Cyber risk management aims to identify, analyze, evaluate, prioritize, and address an organization’s cyber security threats, assets, and staff by using cybersecurity risk assessment.