Cybersecurity risk refers to the potential for loss, damage, or disruption to an organization or individual due to a failure in information systems, breaches of data, or exploitation of vulnerabilities by malicious actors (like hackers or malware).
In simple terms:
It’s the threat of something bad happening to digital assets, such as:
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Data theft (e.g., personal info, credit card numbers)
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Ransomware attacks (e.g., locking files until a ransom is paid)
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System downtime (e.g., crashing a company’s website)
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Unauthorized access (e.g., hackers logging into secure systems)
Common sources of cybersecurity risk include:
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Phishing attacks (tricking users into giving away sensitive info)
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Weak passwords
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Outdated software
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Insider threats (employees misusing access)
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Poor network security
Organizations assess and manage cybersecurity risk to protect their digital infrastructure, reputation, and operations.
Would you like to know more of how we are in IDEAL GRC assess and handle cybersecurity risk? feel free to contact us so we can support you for that.