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Risk Assessment is the systematic process of identifying, evaluating, and prioritizing risks that could negatively impact an organization’s assets, operations, or reputation. In cybersecurity, it involves analyzing potential threats and vulnerabilities to determine their likelihood and potential impact.
The purpose of risk assessment is to help organizations make informed decisions about how to manage and mitigate risks effectively, allocate resources wisely, and enhance overall security posture. It is a foundational step in risk management and compliance frameworks.