As companies have come to use technology for everything from day-to-day operations to business-critical processes, their IT systems have become larger and more complex. The explosion of cloud services, the rise of remote work and the growing reliance on third-party IT service providers have brought more people, devices and software into the average company's network. As an IT system grows, so does its . Cyber risk management initiatives offer companies a way to map and manage their shifting attack surfaces, improving security posture., IT Risk Management Defined The goal of IT Risk Management, sometimes abbreviated to ITRM, is to identify, assess, address, and analyze IT-related risks that could affect the business, improving IT operations, cybersecurity, risk mitigation capabilities, and the organization’s overall risk and security posture., Cyber risk management, or cybersecurity risk management, is the process of identifying, prioritizing, managing and monitoring risks to information systems..