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Cyber Risk Management

Cybersecurity Govern (Cybersecurity Governance) Compliance, Controls & Audit Evidence Cyber Risk Management Security Architecture & Standards Security Strategy & Policy Third-Party & Supply Chain Security Risk Security & Compliance Posture Visibility Enterprise Risk & Compliance Management
Cybersecurity Govern (Cybersecurity Governance) Compliance, Controls & Audit Evidence Cyber Risk Management Security Architecture & Standards Security Strategy & Policy Third-Party & Supply Chain Security Risk Security & Compliance Posture Visibility Enterprise Risk & Compliance Management
New to this diagram? Learn about the method: Use Case Tree · Use Case · Outcome

Manage cyber risk as a business risk by identifying key scenarios, assessing impact and likelihood, prioritizing treatments, and explicitly accepting or transferring residual risk.

Cyber risk management helps the business decide where to invest, which risks to accept, and how to balance security controls with operational realities.

Outcomes

  • Risk decisions aligned to business priorities and critical services
  • Transparent risk ownership, acceptance, and treatment plans
  • Improved prioritization of remediation and control investments
  • Better executive reporting and regulatory defensibility

Typical scope

  • A cyber risk register with clear ownership and status
  • Scenario-based risk analysis (e.g., ransomware, data exfiltration)
  • Risk appetite and thresholds (what requires escalation)
  • Treatment planning (reduce, avoid, transfer, accept)