It helps prioritize security measures based on the likelihood and impact of potential threats. _ Risk assessment is the process of identifying, analyzing, and evaluating potential risks to an organization's assets, operations, and information
• Used by organizations to evaluate the risks associated with new technologies or systems.• Employed in cybersecurity audits to identify and mitigate potential vulnerabilities.
The steps typically include identifying assets, assessing potential threats and vulnerabilities, evaluating the impact, and determining the likelihood of each risk.
Risk assessment helps organizations prioritize which vulnerabilities to address based on the severity of potential impacts and the likelihood of occurrence.
Many regulatory frameworks, such as GDPR and HIPAA, require organizations to conduct regular risk assessments to ensure they have adequate security measures in place.
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