Description: A risk matrix is a tool used to assess the level of risk associated with specific threats. This tool allows organizations to identify, analyze, and prioritize risks based on their likelihood of occurrence and the impact they would have if realized. The matrix is typically presented in the form of a table, where categories of likelihood (low, medium, high) are crossed with categories of impact (low, medium, high), facilitating the visualization of the most critical risks. Its use is fundamental in risk management across various fields, as it helps organizations make informed decisions about how to mitigate or manage those risks. In general, a risk matrix can be vital for identifying threats such as fraud, data breaches, or compliance issues. Additionally, it can help assess vulnerabilities and implement appropriate protective measures. In summary, the risk matrix is an essential tool for effective risk management, enabling organizations to protect their assets and ensure the continuity of their operations.
