Risk Management for Cyber Security Managers - Risk Management as a Profession

The video discusses cyber risk as a profession, emphasizing three key aspects: the cyclical nature of risk management, the trade-offs involved due to budget constraints, and the importance of communicating effectively with business executives by using business language instead of technical jargon.

Why is cyber risk management considered a continuous cycle?

• Because risks evolve and change constantly.

• Because risks remain the same over time.

• Because it is a one-time process.

• Because it only involves analyzing risks once.

What is a common challenge faced in cyber risk management?

• Unlimited budget for security measures.

• Complete agreement on all security policies.

• Balancing security needs with budget constraints.

• No need for trade-offs.

What might management say if they disagree with a cyber risk manager's assessment?

• They might think the threats are exaggerated.

• They might fully support the assessment.

• They might ignore the assessment completely.

• They might immediately increase the budget.

How should a cyber risk manager communicate with C-level executives?

• Ignoring business objectives.

• Discussing only cyber threats.

• Focusing on profits and cost savings.

• Using only technical jargon.

What is a key focus for C-level executives in a company?

• Ignoring profit margins.

• Implementing every suggested security measure.

• Generating revenue and cutting costs.

• Understanding technical details of cyber threats.