Smith Cоmpаny is implementing its cyber risk аctivities intо its existing enterprise risk mаnagement (ERM) effоrts. Smith uses the COSO ERM framework to provide a basis for coordinating and integrating all of its risk management activities. Using the option list below, identify the relevant component of the COSO ERM framework that applies to each description. Each choice may be used once, more than once, or not at all. Description ERM Component Cyber risk management is integrated into planning. The organization prioritizes risks according to their severity and the organization’s cyber risk appetite. Cyber risk management capabilities and performance are examined to assess their value proposition. Cyber risks that may affect the achievement of strategy and business objectives are identified and assessed. Relevant information from external sources is used to support cyber risk management. The entity’s tone is set. Relevant information from internal sources is used to support cyber risk management. Cyber risk management capabilities and performance are examined to drive value through change. The importance of cyber vigilance is reinforced, and oversight responsibilities are established.