Cybersecurity Fundamentals 11

Risk, Readiness & Your Cybersecurity Career Roadmap

Part 11 : Risk Management in Cybersecurity — How Pros Think Like Defenders

Cybersecurity isn’t just about blocking attacks — it’s about identifying, analyzing, and managing risk.

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What is Risk in Cybersecurity?

Risk = Threat × Vulnerability × Impact

Even a small threat becomes dangerous if you have a big vulnerability and high impact.

"Socho tumhara Wi-Fi password ‘12345678’ hai… aur koi hacker ne try kiya — toh risk bahut high hai."

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Example:

Threat: Ransomware attack
Vulnerability: No backup or patching
Impact: Company shutdown, ₹20 lakh loss

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Risk Management Process:

1. Identify assets and threats

2. Assess vulnerabilities

3. Evaluate potential impact

4. Mitigate with controls (patches, firewalls, policies)

5. Monitor continuously (SOC, alerts, audits)

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Types of Risk Controls:

• Preventive (firewalls, access controls)

• Detective (IDS, SIEM logs)

• Corrective (incident response plans)

• Compensating (backups, insurance)

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Career Link:

In roles like:

• GRC Analyst

• Risk & Compliance Officer

• Cybersecurity Manager
  ...you’ll be expected to analyze risks and suggest security controls for real-world systems.

Pro Tip: Learn ISO 27001, NIST CSF, and risk assessment tools like FAIR model.