‍ As the cost and frequency of cyber events grow, technologies evolve, and regulatory bodies enact stricter cybersecurity laws on the market, it’s become exceedingly clear that elevating cyber matters to the boardroom is a strategic imperative.

‍A cybersecurity risk assessment, or cyber risk assessment, is a standardized process that organizations have established along with their implementation of cloud-based technologies to discover the accompanying vulnerabilities and threats. These assessments leverage the available, relevant data to identify the likelihood of various cybersecurity events occurring along with the potential impact should they come to fruition.

‍Managing risk is a part of life, whether it's in the personal, private, public, or professional spheres, but often, these various areas of vulnerability are addressed in isolation. In the corporate world, too, the various components of business risk were once tackled as mutually exclusive, with each departmental leader focusing on their sole area of expertise.

‍Security is no longer solely confined to the physical, dependent on bodily actions. With the advent of the internet, the mechanisms necessary for safeguarding assets and even lives have expanded into the cyber realm, where the risks can be even more complex. Indeed, a single cyber event has the power to render hospitals nonfunctional, halt mass transportation, block financial transactions, and cause billions of dollars worth of damages.