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Introduction to Cyber Risk

Cyber Risk Definition and Assessment

Cyber Risk Components

Cyber Risk Models

Risk Management Strategies

Real-World Risk Scenarios

Applied Risk Scenarios

Risk Avoidance Scenario

Risk Transference Scenario

Risk Acceptance Scenario

Risk Mitigation Scenario

🎮 Pixel Quest: Risk Strategy Challenge

Course Conclusion

Summary

Quiz

Quiz: Cyber Risk Foundations

Quiz: Identifying Risk Components

Quiz: Risk Management Strategies

Quiz: Applying Scenarios

Quiz: Final Course Assessment

Feedback

Course Survey

Cyber Risk Fundamentals: Identifying Threats, Vulnerabilities, and Impact equips professionals with a clear, practical foundation in Governance, Risk, and Compliance (GRC). In this course, you will learn how to define cyber risk in business terms, identify the three core components of risk—threats, vulnerabilities, and assets—and connect likelihood to impact to determine true business exposure. Through concise explanations, visual models, and real-world scenarios, you will explore how risk models help quantify and communicate risk, and how to choose among the four primary strategies: avoidance, transference, acceptance, and mitigation. You will also apply these strategies to everyday business decisions, from outsourcing security to deploying controls like WAFs and training. By the end, you will be able to align risk decisions with organizational goals, understand when to reduce likelihood versus impact, and translate technical findings into actionable, executive-ready recommendations. This course is ideal for newcomers to GRC, IT/security professionals broadening their risk lens, and managers who need a shared language for prioritizing security investments.

Cyber Risk Fundamentals: Identifying Threats, Vulnerabilities, and Impact

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            <p>Understanding cyber risk is a cornerstone of modern Governance, Risk, and Compliance (GRC). This course provides a comprehensive exploration of how organizations define and assess the digital dangers they face in an increasingly connected world. By breaking down risk into its core components—threats, vulnerabilities, and assets—you will learn to evaluate the likelihood of an adverse event against its potential impact. Through the study of cyber risk models, we will examine how to visualize and quantify these factors to make informed, data-driven decisions that protect organizational integrity and ensure long-term resilience.</p>

<p>Beyond identification, effective risk management requires a strategic approach to handling discovered vulnerabilities. This course details the four primary strategies used by industry professionals: avoidance, transference, acceptance, and mitigation. Through real-world scenarios and applied case studies, you will see how these theoretical concepts translate into practical business actions, such as purchasing cyber insurance, outsourcing security services, or implementing technical controls like firewalls. By the end of this course, you will be equipped to align risk management decisions with broader business goals, ensuring a robust security posture in an ever-evolving threat landscape.</p>
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