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Description: The risk involves the potential for a cybersecurity breach, such as a data breach or a malware attack, compromising sensitive information and disrupting business
Description: The risk involves the potential for a cybersecurity breach, such as a data breach or a malware attack, compromising sensitive information and disrupting business operations.
Size and Impact: The impact of a cybersecurity breach can be severe, leading to financial losses, reputational damage, legal ramifications, and potential loss of customer trust. The size of this risk is significant given the increasing frequency and sophistication of cyber threats targeting businesses.
LikelihoodProbability: The likelihood of a cybersecurity breach depends on various factors such as the effectiveness of existing security measures, employee awareness, and the evolving threat landscape. Industry reports, cybersecurity audits, and incident statistics can be used to assess the probability of a breach occurring. paraphrase it
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