Cyber Risk can be defined as any risk from systems or elements of a system that are part of or have a presence in
cyber space. Cyber risk can include damage to cyber systems and system elements leading to financial,
operational, data, or reputational losses.
IT Risk, on the other hand, includes any threat that may arise from a breach of security, non-compliance, lack of
availability, or poor performance of IT resources that can affect the data, processes, and systems of your
organization. IT Risk also includes the risk that may arise from the IT systems of an organization.
While the definitions of IT Risk and Cyber Risk may overlap at some places, what’s important is to understand that
the risk from a compromised IT and cyber breach extends beyond monetary and data losses and today
encompasses risks to productivity, intellectual property, and more—making the managing of IT and Cyber Risk
critical to an organization.