What is Cybersecurity Risk? A Thorough Definition | UpGuard

This document is an overview of cybersecurity risk management that explains the business impact of cyber attacks and data breaches, highlights common threats (including cloud misconfigurations, third-/fourth-party vendor risk, and malware), and recommends governance and controls such as board involvement, a CISO, NIST Cybersecurity Framework adoption, incident response planning, and continuous third-party monitoring (promoting solutions like UpGuard) to reduce organizational exposure.