Cyber Risk

Definition ∞ Cyber Risk refers to the potential for financial loss or operational disruption arising from digital threats and vulnerabilities. This encompasses a broad spectrum of dangers, including data breaches, network intrusions, and malicious software attacks. In the context of digital assets, cyber risk is particularly pertinent due to the immutable nature of blockchain and the high value of stored assets.
Context ∞ The discourse surrounding Cyber Risk in the cryptocurrency sector is intensifying, driven by an increasing frequency and sophistication of attacks. Current concerns focus on the security of smart contracts, decentralized exchanges, and individual wallet management. Efforts to mitigate these risks involve advancements in cryptographic techniques, secure coding practices, and robust security audits, all of which are frequently reported in industry news.