Cyber security aims to protect systems, networks and data from cyber attacks by using technologies, processes and controls. Cyber attacks can disrupt and cause considerable financial and reputational damage to even the most resilient organisation.To understand the concept of cyber attacks, consider a case of losing your wallet. There are several reasons your wallet will be lost:
- You may accidentally drop your wallet or forget your wallet somewhere in public places and a random pedestrian may pick it.
- A thief may steal your wallet because you do not zip your handbag. So the thief looks for a low-cost opportunity and it can be anyone.
- A thief may design a trap and wait for the correct time to steal a particular wallet because the amount of money and your identity cards inside are valuable enough to make him spare the effort.
In cyber security context, the reasons which cause your loss are the cyber risks. Instead of losing your valuables in your wallet, in cyber risk you may risk losing money, sensitive information, reputation or even face regulatory fines and litigation.