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All issuesVolume 305, Issue 4IT NewsSecurity

Cybersecurity v. Cyber Risk Management

CyberSaint, Tuesday, August 22,2023

For years, the discourse in IT has been centered around cybersecurity. Yet, with the volume of cyber attacks increasing, professionals have developed a more holistic approach to cybersecurity. This development has led to the creation of cyber risk management. You may be wondering whether the distinction between cyber risk management and cybersecurity is necessary, and the answer is yes.

Cybersecurity and cyber risk management are related concepts, but they are not interchangeable concepts. The main difference is the scope of these two concepts.

Cybersecurity v. Cyber Risk Management

Cybersecurity is the practice of protecting digital and IT assets, systems, and networks from cyber threats. This process includes the implementation of safeguards against unauthorized access, data breaches, attacks, and other cyber risks. Cybersecurity is focused on the technical measures and controls that are put in place to prevent, detect, and respond to cyber threats. Often, this includes deploying several end-point solutions and is very technical. Examples include antivirus software, threat detection systems, firewalls, and cloud infrastructure protection.

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