Information Risk Management
Focus: Managing risks related to the confidentiality, integrity, and availability of information.
Scope: Includes risks from unauthorized access, data breaches, and information misuse.
Goal: Protect sensitive information and ensure compliance with data protection regulations.
Cyber Risk Management
Focus: Managing risks specifically related to cyber threats and attacks.
Scope: Encompasses risks from malware, ransomware, phishing, and other cyber attacks.
Goal: Safeguard systems, networks, and data from malicious cyber activities.
Technology Risk Management
Focus: Managing risks associated with technology infrastructure and operations.
Scope: Includes risks from hardware failures, software bugs, power outages, and other technology-related issues.
Goal: Ensure the reliability and availability of technology systems and minimize disruptions to business operations.
While Information Risk Management and Cyber Risk Management both deal with protecting information, Cyber Risk Management is more focused on external threats, whereas Information Risk Management includes internal controls as well. Technology Risk Management, on the other hand, covers a broader range of technology-related risks beyond just information security.