Contingency and Cyber risk: Difference between pages

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1. ''Financial reporting - business planning.''
''Operational risk management''.


Any uncertain future event.
The risk of a failure of cyber security, or the potential consequences of such a failure.


Sometimes written 'cyberrisk'.


2. ''Business planning.''


An uncertain future event that is expected to have a negative impact if it were to occur.
<span style="color:#4B0082">'''''Single point of failure'''''</span>


:"An outage at a key supplier caused by a cyber breach could lead to significant damage to profit and even to reputation longer term.


3. ''Financial management.''
:Treasurers should look at third parties and partners, and ask who the business is dependent on.
 
:Would a single point of failure represent a significant risk?"
 
:''The Treasurer magazine, August 2018, p13.''


An amount of money set aside to deal with the potential negative impact of an uncertain future event.




==See also==
==See also==
*[[Business contingency management]]
*[[Cyber security]]
*[[Business continuity plan]]
*[[Cybercrime – A Threat And An Opportunity]]
* [[Contingency plan]]
*[[Cyber security: protecting your business and your clients]]
* [[Contingent]]
*[[Cybertheft]]
* [[Financial reporting]]
*[[Operational risk]]
*[[Outage]]
*[[Reputational risk]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Knowledge_and_information_management]]
[[Category:The_business_context]]
[[Category:Financial_risk_management]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]

Revision as of 14:52, 21 July 2020

Operational risk management.

The risk of a failure of cyber security, or the potential consequences of such a failure.

Sometimes written 'cyberrisk'.


Single point of failure

"An outage at a key supplier caused by a cyber breach could lead to significant damage to profit and even to reputation longer term.
Treasurers should look at third parties and partners, and ask who the business is dependent on.
Would a single point of failure represent a significant risk?"
The Treasurer magazine, August 2018, p13.


See also