cyber-risk-assessment

Vocabulary Word

Definition

A cyber risk assessment is a step-by-step process that identifies and evaluates online risks to a company or individual. The aim is to figure out how to protect important information and systems on the internet.

Examples in Different Contexts

In compliance, 'cyber risk assessment' is essential for ensuring that an organization meets legal and regulatory requirements related to cybersecurity. A compliance officer might explain, 'Our cyber risk assessment procedures are aligned with industry standards to ensure we comply with data protection regulations.'

Practice Scenarios

Business

Scenario:

We've been experiencing a surge in phishing attempts lately. We need a solid safety strategy for our data.

Response:

A comprehensive cyber risk assessment could help us develop effective data protection measures.

Innovation

Scenario:

The development of our new software involves handling sensitive user data. The safety of that must be embedded from the beginning.

Response:

A preemptive cyber risk assessment can definitely help us identify any potential data security issues.