Cyber Risk and Resilience

Cyber risk refers to the potential for harm or loss resulting from digital threats like hacking, malware, or data breaches. Resilience is an organization's ability to effectively prepare for, respond to, and recover from these cyber incidents. Together, they involve identifying vulnerabilities, minimizing threats, and ensuring critical systems can continue functioning or quickly bounce back after an attack. Essentially, cyber risk management aims to reduce the chances of an incident, while resilience focuses on maintaining operations and protecting assets despite threats.