Cybersecurity Risk Management: Definition, Frameworks, & More

**Executive summary:** This document explains cybersecurity risk management at a high level, outlining a four-step process (identify, assess, prioritize, monitor), summarizes common frameworks (NIST CSF, ISO/IEC 27001, DoD RMF, FAIR), and presents 12 best practices—such as building a security-aware culture, distributing responsibility, employee training, incident response planning, and prioritizing high-value workflows—to help organizations reduce cyber risk; it concludes with a brief mention of SecurityScorecard as a tool for continuous risk assessment.