What is a Risk Assessment in Cyber Security?

A risk assessment in cybersecurity is a systematic process of identifying, analyzing, and evaluating potential threats, vulnerabilities, and the potential impact of those threats on an organization's information systems and data. The primary goal of a cyber risk assessment is to determine the level of risk an organization faces and develop strategies to mitigate or manage those risks effectively.

Cyber risk assessments and cyber risk quantification help leaders make cyber-informed decisions about resourcing and investing in cybersecurity measures. Risk assessments are also essential for regulatory compliance and demonstrating due diligence.

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