Impacts of Having Poor Cyber Risk Evaluation for Organizations (Research Paper Sample)

Impacts of Poor Cyber Risk Evaluation
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Impacts of Poor Cyber Risk Evaluation
Introduction
Cybersecurity is one of the most critical elements of modern business since it determines how well organizations can protect their data against breaches and other attacks. Organizations use cybersecurity to protect protected health information, intellectual property, industry information, and personal identification information from individuals and groups that might be trying to access or steal it. Organizations that lack effective cybersecurity programs become targets of cyber attackers and lose significant amounts of money through court cases, damaged reputations, and corrupted security systems (Beavers & Pournouri, 2019). In addition, modern organizations face numerous residual and inherent risks due to advancing cloud services and global connectivity, increasing remote accessibility, and allowing cyber attackers to target international companies remotely.
Although data security planning and implementation sections are essential, this paper will focus on the impacts of poor cyber risk evaluation. Cybersecurity risk assessment is an essential aspect of cyber security since it allows organizations to mitigate and control cyber-attack. Furthermore, cyber risk assessment is vital to an organization since it helps organizations keep stakeholders informed about data