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What is cyber risk?

Cyber risk describes the probability of loss or harm resulting from cyberattacks or data breaches. Any organization that uses modern technology must contend with some level of cyber risk, and taking steps to address this risk is crucial to business health and security.

No matter how thorough your security program is, cyber risks can never truly be eliminated, as new vulnerabilities and malware are discovered each day. The risk that remains in place after security measures and controls are put in place is called residual risk.