Cyber risk refers to the potential for financial loss, disruption, reputational damage, or legal consequences resulting from a cyber-related event. These events can arise from malicious attacks, system failures, human errors, or third-party breaches. As businesses and individuals increasingly rely on digital systems, cyber risk becomes more dynamic, unpredictable, and pervasive, affecting not only large enterprises but also every industry and sector.

Asset-level risks in renewable energy refer to the specific challenges and uncertainties associated with individual assets in a renewable energy portfolio, such as energy price fluctuations, equipment malfunctions, and regulatory changes. Managing these risks requires monitoring asset performance, durability, and efficiency to ensure project success and minimize disruptions that could result in financial loss. Effective asset-level risk management is crucial for maintaining profitability and ensuring the long-term sustainability of renewable energy projects.