What is required for managing cyber risks?

The effective management of cyber risks involves a balanced approach that recognizes the inevitability of some breaches occurring, despite best efforts to prevent them. The correct answer emphasizes the importance of not only attempting to prevent cyber breaches through various measures but also having robust detective and corrective controls in place.

Preventive controls are essential as they aim to minimize the likelihood of a breach; however, it is unrealistic to assume that they will be completely foolproof. Organizations must also implement detective controls that help identify breaches when they occur and corrective controls that enable the organization to respond effectively and restore normal operations quickly. This holistic approach allows businesses to not only strive for fewer breaches but also to mitigate their impact when they do occur, ensuring a more resilient cybersecurity posture.

Thus, by adopting this comprehensive view that combines prevention with detection and correction, organizations can better manage cyber risks and reduce the potential damage caused by incidents when they arise.