This literature review examines the evolving discourse on digitalization’s risks, particularly in cyberspace, and advocates for a transition from cyber security to cyber resilience. Initially explored “digital risks”, it shifts focus to keywords like “cyber risks”, “cybersecurity”, and “cyber resilience” to reflect changing dynamics. Through article analysis, it provides insights into researchers’ perceptions, challenges, and strategies in addressing cyber risks. Each section offers concise summaries from published articles, fostering interdisciplinary understanding. Emphasising the imperative of embracing cyber resilience, the review highlights the need to adapt to the continually evolving digital threat landscape.