Cyber Risk

“By ‘cyber risk’ we mean any risk of financial loss, disruption or damage to the reputation of an organisation from some sort of failure of its information technology systems. Such a risk could materialise in the following ways:

• deliberate and unauthorised breaches of security to gain access to information systems for the purposes of espionage, extortion or embarrassment

• unintentional or accidental breaches of security, which nevertheless may still constitute an exposure that needs to be addressed

• operational IT risks due to poor systems integrity or other factors".

Source: https://www.theirm.org/media/7237/irm-cyber-risk-resources-for-practitioners.pdf

By: The Institute of Risk Management

Cyber Risk Resources for Practitioners.pdf

Download PDF • 6.69MB