Tag: Cyber Risk: Quantify

Cyber risk isn't some abstract threat confined to Hollywood movies; it's a tangible and ever-present danger for businesses and individuals alike. From data breaches that compromise sensitive information to ransomware attacks that cripple operations, the potential consequences of cyber threats are severe, ranging from financial losses and reputational damage to legal liabilities and operational disruptions. Understanding, assessing, and mitigating cyber risk is no longer optional; it's a critical imperative in today's digital landscape. Understanding Cyber Risk Defining Cyber Risk Cyber risk refers to the potential for financial loss, disruption of operations, reputational damage, or legal repercussions resulting from a failure of information systems, processes, or controls. This risk encom...