Risk Management for Cyber Security Managers - Risk Management Definition and Types

The video tutorial explains cyber risk management as a process of minimizing risks and limiting unavoidable ones. It emphasizes the continuous nature of risk management, involving threat identification, evaluation, and mitigation. The tutorial outlines four main types of risk management: risk management sessions, compliance, technical vulnerability, and threat monitoring. Each type is discussed with examples, highlighting the importance of cost-effective solutions and maintaining a secure environment. The video concludes by stressing the proactive approach to risk management and previews future lessons on risk management scope and roles.

What is the primary goal of cyber risk management?

• To focus solely on technical vulnerabilities

• To ignore business considerations

• To balance risk elimination with cost-effectiveness

• To completely eliminate all risks

Which of the following is NOT a type of risk management mentioned?

• Technical vulnerability risk management

• Compliance risk management

• Risk management sessions

• Financial risk management

What is the focus of compliance risk management?

• Monitoring threats proactively

• Addressing software bugs

• Using pre-established guidelines

• Brainstorming potential asset risks

What does technical vulnerability risk management primarily deal with?

• Physical security

• Employee training

• Operating system flaws

• Financial risks

How does risk management by threat monitoring help a company?

• By ensuring constant monitoring of potential threats

• By ignoring new threats

• By eliminating all risks

• By focusing on cost-saving measures