Cybersecurity Risk Management

Cybersecurity Risk Management integrates security considerations into overall enterprise risk management by establishing frameworks for protecting digital assets. It involves asset inventories, threat and vulnerability assessments, control implementation, continuous monitoring, and incident response planning. This discipline has evolved from IT-focused security to board-level strategic concern. A healthcare provider, for example, implements cybersecurity risk management by conducting regular vulnerability scans, encrypting patient data, training staff on phishing recognition, maintaining incident response teams, and ensuring compliance with HIPAA security requirements to protect sensitive health information.