Description: Risk assessment is the process of determining the potential risks associated with identified vulnerabilities in a system or infrastructure. This process involves identifying threats, assessing the likelihood of these threats materializing, and analyzing the impact they would have on the organization. Risk assessment is fundamental to security management as it allows for prioritizing mitigation actions and effectively allocating resources. In the context of technology, it applies to various areas, including data protection, network security, cloud infrastructure, and online transaction security. Risk assessment not only focuses on technical aspects but also considers human and organizational factors, making it a comprehensive tool for informed decision-making regarding security and business continuity.
