Risk Assessment Methodology

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RISK
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ASSESSMENT METHODOLOGY STEP-BY-STEP APPROACH
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Identify Assets
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Catalog all valuable assets - data, systems, and
equipment. Know what's at risk.
Identify Threats Pinpoint potential threats -
natural disasters, cyberattacks, human error.
Understand your vulnerabilities.
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Assess Vulnerabilities
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Analyze weak points in your systems. Identify
areas susceptible to exploitation.
Estimate Impact Evaluate potential damage if
threats exploit vulnerabilities. Measure
the consequences.
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Calculate Risk
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Combine the likelihood of threat occurrence with
potential impact. Determine risk level.
Prioritize Risks Rank risks based on severity.
Focus on high-risk areas that need immediate
attention.
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Implement Controls
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Develop and apply countermeasures to mitigate
risks. Strengthen your defenses.
Monitor Review Constantly monitor changes in
threats and vulnerabilities. Adapt your
strategies accordingly.
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