Cyber risk is commonly defined as exposure to harm or loss resulting from breaches of or attacks on information systems, or the potential of loss or harm related to technical infrastructure or the use of technology within an organization.
Directors and officers are responsible for the decision that directly affects employees,
customers, and creditors. Wrongful decisions or acts often cause financial losses for the company and lawsuits that may leave officers and directors personally liable.
In today’s global economy, business opportunities but also enterprise risks are constantly changing. Therefore an adapting enterprise risk management is essential for a modern business in the 21st century.