What is Risk Management

This study explores the concept of opportunity risks, which involve pursuing uncertainties to achieve favorable outcomes. The goal of this study is to offer practical applications for opportunity risk management in the cybersecurity environments of organizations that seek to include this often-overlooked factor in their decision-making process. Opportunity risks are significant to cybersecurity environments and industries seeking to enhance their decision-making processes and risk response options. Despite the need for better decision-making approaches in a world that is increasing in hyper-intelligence and technological transformation, opportunity risk remains a marginalized business asset. This research sheds light on a more balanced approach to managing risks. A systematic literature review was the primary research method used in this study to investigate opportunity risk. This study aims to identify and evaluate relevant theories, approaches, and techniques for leveraging the favorable side of risks.