Methods for Evaluating the Effectiveness of Cyber Risk Management Programs to Enhance Cyber Resilience

Avishkar Nikum

Abstract: Cyber risk management programs are crucial for organizational security and compliance with international standards. This study aims to evaluate the effectiveness of cyber risk management programs and their impact on cyber resilience. A mixed - methods approach was employed, combining quantitative analysis of cyber risk metrics with qualitative case study research across multiple organizations. When combined with continuous monitoring and adaptive risk assessment, integrated framework implementation significantly improves organizational cyber resilience. Effective cyber risk management requires a multi - faceted approach integrating established frameworks with advanced quantitative and qualitative assessment methods.

Keywords: cyber risks, cyber risk management, cybersecurity, security standards, ISO/IEC 27001, NIST, COBIT, efficiency assessment, vulnerability analysis