3. Cybersecurity Risks **Project Management Strategy: Risk Management Planning** - **Explanation**: Establishing a comprehensive risk management plan is critical to identifying, assessing, and mitigating cybersecurity risks. This involves proactive measures to protect customer data and build confidence in the digital banking system. - **Example**: GXBank can create a risk management framework that includes regular security audits, penetration testing, and incident response plans. For instance, if a vulnerability is identified during an audit, having an established incident response plan allows the bank to address the issue swiftly, minimizing risk exposure and maintaining customer trust. explain