What does risk management involve in cybersecurity?

Risk management in cybersecurity is a critical process that entails assessing and prioritizing risks to an organization's information assets. This process allows organizations to identify vulnerabilities and threats that could impact the confidentiality, integrity, and availability of their data.

By thoroughly assessing risks, organizations can categorize them based on their potential impact and likelihood, which helps in determining appropriate measures to mitigate those risks. Prioritization ensures that the most significant risks are addressed promptly, allocating resources effectively to protect vital information and maintain operational continuity.

The other choices touch on various aspects of cybersecurity, but they do not encompass the overall scope of risk management. While identifying threats from social media can be valuable, it is a specific activity rather than the broader concept of risk management. Reducing IT budget expenditures can help streamline costs but does not directly relate to managing cybersecurity risks. Developing user training programs is essential for security awareness and could help reduce risks but is only one part of a comprehensive risk management strategy and does not represent the process in its entirety.