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?

Explain the importance of cost-effective solutions in cyber risk management.

Describe the continuous cycle involved in risk management.

What are the four main types of risk management mentioned?

What role does threat monitoring play in risk management?