Security Risk Management is the process of identifying, assessing, prioritizing, and mitigating cybersecurity threats and vulnerabilities that could impact an institution's operations, data, reputation, and mission. Risk is determined by evaluating the likelihood that known threats will exploit vulnerabilities and the potential impact on valuable assets.
Effective risk management involves implementing appropriate controls and safeguards, making informed decisions about risk acceptance, and communicating risk posture to leadership and stakeholders.
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