New cyber risks, data breaches, attack trajectories, and undisclosed vulnerabilities emerge every year. In 2022 alone, 71% of organisations were hit by ransomware attacks, with more than 60% paying the ransom to retrieve the damaged data. One unsettling truth emerges from the present environment of cybersecurity risk management: controlling cyber risk throughout an organization is more challenging than ever. However, the cyber threat response strategy remains the same: a solid risk management framework with a systematic risk assessment and response strategy. Cybersecurity risk management extends the concept of real-world risk management to cyber threats. A resilient cybersecurity risk management approach relies on…
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