Question 1

What is continuous cyber risk management?

Accepted Answer

Continuous risk management is an ongoing process of identifying, analyzing, evaluating, treating, and monitoring technology risks in real time, rather than relying solely on static annual spreadsheet assessments.

Question 2

What is the difference between Inherent Risk and Residual Risk?

Accepted Answer

Inherent risk represents the level of raw exposure before any security safeguards are applied. Residual risk is the remaining exposure that persists after implementing technical, physical, and administrative controls.

Question 3

How does risk scoring align with ISO 27005 and BNM RMiT?

Accepted Answer

ISO/IEC 27005 and Bank Negara Malaysia RMiT (Section 9) require institutions to establish structured risk assessment methodologies evaluating threat likelihood, operational impact, risk appetite thresholds, and formal risk treatment options (Mitigate, Transfer, Avoid, Accept).

Question 4

How are risk registers linked to compliance controls?

Accepted Answer

A modern risk register maps each identified risk scenario (e.g. ransomware infection, credential theft, API data leakage) directly to corresponding mitigating controls in SOC 2, ISO 27001, or NIST frameworks, providing clear audit traceability.

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