A cybersecurity risk management plan establishes the organization's approach to cyber risk, including governance structures, roles and responsibilities, risk assessment schedules, control frameworks, incident response protocols, and metrics for measuring effectiveness. The plan typically aligns with business objectives and regulatory requirements while documenting risk appetite for different asset classes. A financial technology startup's plan might detail quarterly vulnerability assessments, monthly security awareness training, defined risk acceptance criteria for third-party integrations, incident escalation procedures, and board reporting requirements, all designed to protect customer financial data while enabling rapid product innovation.