Description: Business risk assessment is the process of identifying and analyzing potential risks that could negatively impact a business. This process involves a systematic review of threats that may arise from various sources, including technological failures, human errors, natural disasters, and cyberattacks. The assessment not only focuses on identifying risks but also on evaluating their impact and likelihood of occurrence, allowing organizations to prioritize their risk management efforts. Furthermore, it is an essential component of corporate governance and business continuity management, as it helps companies develop effective strategies to mitigate identified risks. Risk assessment relies on information security regulations that establish standards and best practices to protect the organization’s information and assets. Additionally, it focuses on identifying vulnerabilities in information systems and implementing appropriate controls to safeguard the integrity and availability of critical data. In summary, business risk assessment is fundamental for organizational resilience and long-term sustainability, enabling companies to anticipate problems and respond effectively to challenges that may arise.
