Glossary   >   What is Risk Assessment

What is Risk Assessment

Risk Assessment is the best process that Organizations use to identify and assess their cybersecurity risks, vulnerabilities, and threats with the aid of a secured approach. The two main objectives of risk assessment are to impart an organization’s security posture a thorough understanding and to spot any security holes that might be used by cybercriminals.

An essential technique for strengthening an organization’s security posture and lowering its vulnerability to cyberattacks is risk assessment. In addition to ensuring that they comply with all applicable laws, regulations, and industry standards, it may assist enterprises in identifying and prioritizing their security investments.

Some risk assessment steps involve asset inventory, threat modeling, vulnerability assessment, risk analysis, risk mitigation, and ongoing monitoring.