by Business Risk Insider
Security risk assessments are conducted to find, evaluate, and prioritise risks linked to a company’s use of information systems and their impact on operations and assets. These risks are measured in potential financial losses, taking into account the organisation’s income sources, assets, and workforce. Once the most significant risks are identified, addressing them in order and possibly upgrading IT infrastructure can help minimise potential losses. The assessment involves describing assets, evaluating threats, assessing vulnerabilities, estimating risks, and finally, addressing the identified risks.
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