risk assessment

Risk assessment is a systematic process of identifying, analyzing, and evaluating potential risks that could impact an organization. This involves assessing vulnerabilities in systems, processes, and assets to understand the likelihood and potential impact of various threats, including cyberattacks, natural disasters, and operational failures. By conducting a thorough risk assessment, organizations can prioritize risks and develop effective mitigation strategies. Regularly updating the assessment is crucial, as new threats emerge and business environments change. Ultimately, risk assessment is essential for fostering a proactive security culture, ensuring compliance, and protecting both physical and digital assets