Risk Management
The ongoing process of identifying, assessing, and prioritizing risks, then applying resources to minimize their potential impact.
Risk management↗ is the ongoing process of identifying, assessing, and prioritizing potential risks to an organization, then deciding how to address them, whether by reducing, transferring, accepting, or avoiding the risk entirely. In cybersecurity↗, this means weighing which threats matter most given the organization's specific assets and vulnerabilities.
Effective risk management recognizes that no organization can eliminate every possible risk, so resources need to be focused where they'll have the greatest impact. This typically involves regularly reassessing the risk landscape, since new threats, technologies, and business priorities are constantly shifting what matters most.