Cyber Security Governance and Risk Management entails understanding, analysing, evaluating, and responding to the cyber security hazards facing their organisation. Individuals in this profession will regularly communicate with general managers and other important stakeholders within their organisation in order to understand their assets and their worth, which is necessary when identifying potential risks. They will be familiar with the methods used to store and transfer data inside the organisation. Alongside this, Cyber Security Governance and Risk Managers collaborate closely with their co-workers from other cyber security pathways, particularly in Vulnerability Management and Cyber Threat Intelligence. This will occur when assessing the possibility and impact of a risk affecting a system or a piece of information.
In most cases, risk management specialists are employed directly by a business as a member of its information security team. Risk managers are also responsible for evaluating the efficiency of a company's risk management procedures and making any necessary adjustments as needed. The risk management specialist must be fully aware of all operational, financial, compliance, technology, and asset-related issues facing the business.
Cyber security governance and risk management professionals will be resourceful in utilising their knowledge of the organisation's business and values, the scope of the risks, and the efficacy of the available risk control options if your responsibilities go beyond identifying and assessing risks to determining the most appropriate approaches to managing them.