Cyber Risk Management

Definition ∞ Cyber Risk Management is the systematic process of identifying, assessing, and mitigating potential threats to an organization’s information systems and digital assets. This involves implementing security controls, developing incident response plans, and continuously monitoring for vulnerabilities. Effective management protects against data breaches, operational disruptions, and financial losses. It is a critical component of modern operational resilience.
Context ∞ Cyber risk management is a paramount concern within the cryptocurrency and digital asset industry due to the high value and irreversible nature of digital transactions. The sector faces persistent threats from hacking, phishing, and other malicious activities targeting exchanges, wallets, and decentralized protocols. Robust security measures and continuous adaptation are essential for safeguarding digital holdings.