Description: A risk assessment matrix is a tool used to evaluate the level of risk associated with specific threats. In the context of cybersecurity, this matrix allows organizations to identify, classify, and prioritize risks related to the security of their systems. The matrix consists of two axes: the likelihood of an attack occurring and the impact it would have if it materialized. By crossing these two axes, risks can be categorized into different levels, such as low, medium, or high. This categorization helps companies make informed decisions about the security measures they need to implement, as well as allocate resources efficiently. The matrix not only facilitates the identification of vulnerabilities but also promotes a culture of security within the organization by involving different departments in the evaluation process. Furthermore, it is a dynamic tool that can be updated as threats evolve and new technologies are developed, making it an essential component of any comprehensive cybersecurity strategy.
