Cyber Risk Management in cryptocurrency involves identifying, assessing, and mitigating risks associated with using digital assets. Given the decentralized nature of cryptocurrencies and the reliance on blockchain technology, users and organizations face various threats, including hacking, fraud, and system failures.Risk assessment begins with understanding vulnerabilities in wallets, exchanges, and transaction processes. This includes evaluating how easily an asset can be stolen or how sensitive data may be compromised.Mitigation strategies are crucial and often include implementing robust security measures, such as multi-factor authentication, regular software updates, and the use of hardware wallets. Training users about phishing attempts and safe online practices also plays a vital role.Monitoring is another essential aspect, as emerging threats and vulnerabilities change constantly. Regular audits and updates ensure that security protocols remain effective. Ultimately, effective Cyber Risk Management helps protect assets, maintain trust among users, and support the overall integrity of the cryptocurrency ecosystem.