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Cybersecurity Risk

What is Cybersecurity Risk?

The potential for financial loss, operational disruption, or reputational damage resulting from the failure of digital technologies and cyber threats.

Risk Management

Each of these is named in at least one of the same controls as cybersecurity risk. The number is how many controls name both.

What the standards actually require on cybersecurity risk

Requirements naming cybersecurity risk across 6 standards, quoted from the control text.

The organizational mission is understood and informs cybersecurity risk management

NIST-CSF-GV.OC-01 · The organizational mission is understood and informs cybersecurity risk management

Article 25 establishes the MEMBER STATE cybersecurity risk assessment - the third level of the four-level cascade. Member State competent authorities conduct national cybersecurity risk assessments for their in-scope electricity entities, building on the Union...

NCCS-Art.25_26 · Member State cybersecurity risk assessment (NCCS Articles 25-26) - third level of the cascade
NIS2 Directive4 controls

The entity has to be able to say whether its measures work, not merely that they exist. That calls for a defined assessment approach with a schedule, someone sufficiently independent of the people who operate the control doing the assessing, criteria for what...

nis2-directive::Art.21.2.f · Policies and procedures to assess the effectiveness of the cybersecurity risk-management measures
IEC 624433 controls

For each zone and conduit perform detailed risk assessment identifying threats, vulnerabilities, existing countermeasures, likelihood, consequence and resulting risk against tolerable risk, leading to target Security Level SL-T.

62443-3-2-ZCR-4 · Detailed Cybersecurity Risk Assessment per Zone and Conduit

Describe the board of directors' oversight of risks from cybersecurity threats, identifying any board committee or subcommittee responsible for the oversight and the processes by which the board or committee is informed about such risks.

SEC-CYB-08 · Board Oversight of Cybersecurity Risks

Article 54 sets the procedure at national level concerning PDEs presenting a significant cybersecurity risk: the market surveillance authority can order corrective action, withdrawal or recall from the market within a reasonable period.

CRA-Art.54_55 · Significant cybersecurity risk procedure and Union safeguard (Articles 54-55)

Questions people ask about cybersecurity risk

What is Cybersecurity Risk?
The potential for financial loss, operational disruption, or reputational damage resulting from the failure of digital technologies and cyber threats.
Why is Cybersecurity Risk important for compliance?
Cybersecurity Risk is a key concept in Risk Management. Understanding cybersecurity risk helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Cybersecurity Risk?
Cybersecurity Risk appears in the requirement text of NIST Cybersecurity Framework 2.0, EU Network Code on Cybersecurity for the Electricity Sector, NIS2 Directive, IEC 62443, SEC Cybersecurity Disclosure Rule. Across these standards we have identified 38 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Cybersecurity Risk?
Explore our compliance framework pages to see how cybersecurity risk applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Cybersecurity Risk applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.