Risk Management for Cyber Security Managers - Risk Management Scope and Roles

The video tutorial covers the scope and roles in cyber risk management, detailing the resources a cyber risk manager deals with, such as data, IT hardware, and documentation. It explains the roles of risk manager, risk management specialists, subject matter experts, and risk owners, highlighting their responsibilities and decision-making processes. The tutorial emphasizes the importance of consulting subject matter experts for specialized knowledge and clarifies that risk owners, often the CEO, make final decisions. The video concludes with a summary of the discussed topics.

What are some of the resources a cyber risk manager is responsible for?

• Human resources policies

• Only software applications

• Data, IT hardware, and documentation

• Marketing strategies

Which role is primarily responsible for establishing the framework for managing risks?

• Risk owner

• Subject matter expert

• Risk manager

• Risk management specialist

How does the size of a company affect the roles in cyber risk management?

• Larger companies can afford more specialized roles

• Size does not affect the roles

• Larger companies have fewer roles

• Smaller companies have more specialized roles

Who might a company consult for expertise on specific risks like flooding?

• Risk management specialist

• Subject matter expert

• Risk manager

• Risk owner

In a large company, who is likely to make the final decisions regarding risk management?

• Risk management specialist

• Subject matter expert

• Risk manager

• Risk owner