What is the importance of risk management in cyber security?

Risk management in cyber security is crucial for protecting an organization from cyber attacks. By promptly identifying and assessing potential threats and vulnerabilities, organizations can take proactive measures to mitigate or eliminate those risks before attackers can exploit them. Implementing a comprehensive risk management plan in cyber security allows organizations to take a systematic approach to deal with cyber events, ensuring that all potential risks are identified and addressed. This helps organizations protect their assets, reputation and operations and ensure business continuity.