Cybersecurity risk refers to the potential for loss or damage that can occur due to cyberattacks, data breaches, or other security vulnerabilities in an organization's information systems. This risk encompasses threats such as malware, phishing, ransomware, and unauthorized access to sensitive data. Cybersecurity incidents can lead to financial losses, reputational damage, regulatory penalties, and operational disruptions. Effective management of cybersecurity risk involves implementing robust security measures, conducting regular vulnerability assessments, providing employee training, and developing incident response plans to mitigate the impact of potential cyber threats.

Basel scope:

• Pillar 1
• Pillar 2

Capital requirements:

Mitigated by Capital

Related Links:

•       Basel Framework