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A Security Risk Assessment (SRA) is a systematic process of identifying, analyzing, and evaluating potential security risks and vulnerabilities within an organization's IT infrastructure, systems, and processes. The primary goal of a security risk assessment is to proactively identify and mitigate security threats that could compromise the confidentiality, integrity, and availability of critical assets and data. By conducting regular risk assessments, organizations can enhance their security posture, prioritize resource allocation, and make informed decisions to protect against potential cyber threats.

Risk Analysis and Prioritization

Risk Mitigation Planning

Developing risk mitigation strategies and action plans to address high-priority risks, including implementing security controls, applying patches, and remediating vulnerabilities.

Cost-Benefit Analysis

Evaluating the cost-effectiveness of proposed risk mitigation measures and balancing security investments with business objectives, regulatory requirements, and budget constraints.

Security Risk Assessment typically involves several phases

  • Regulatory Compliance Assessment.
  • Business Impact Analysis (BIA).
  • Risk Treatment Planning.
  • Incident Response Preparedness.
  • Continuous Monitoring and Review.
  • Security Awareness Training.