Cyber risk controls are measures and procedures implemented to mitigate the likelihood and impact of cyber threats and vulnerabilities. These controls encompass technical safeguards, such as encryption and access management, alongside organizational policies and employee training. Their purpose is to protect digital assets, information systems, and operational continuity from malicious attacks or accidental data breaches. Robust controls are essential for maintaining security and trust.
Context
In the digital asset sector, cyber risk controls are critically important due to the immutable nature of blockchain transactions and the high value of crypto holdings. News often highlights security incidents, hacks, and the continuous need for enhanced protective measures for exchanges, wallets, and decentralized applications. Regulators increasingly demand stringent cyber risk controls from crypto service providers to protect consumers and market integrity.
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