* To help identify and assess your organization's risks so that you can implement appropriate safeguards. * To mitigate risks to prevent your organization's security incidents and compliance failures. * There are no organization has the resources to identify and eliminate all cybersecurity risks, so IT pros need to use the security risk assessment to provide focus. * The more clearly you can articulate your plan to reduce the most critical vulnerabilities across the network given your top threat sources, the better your business case and the more likely you are to get funding for an effective security program. * Top 5 benefits: Understanding your risk profile, Identifying and remediating vulnerabilities, Inventorying IT and data assets, Mitigating costs, and Complying with legal requirements.
Environmental (E): Description: Risk assessment can help identify potential environmental risks, such as data center energy consumption or hazardous materials storage. Example: Conducting a risk assessment to identify and mitigate environmental risks in data centers, such as optimizing cooling systems to reduce energy usage. Social (S): Description: Effective risk assessment ensures the safety and security of employees and customers. Example: Identifying workplace safety risks and implementing measures to protect employees from accidents or injuries. Governance (G): Description: Governance involves setting policies and procedures for risk assessment and management. Example: Establishing a governance framework that outlines roles and responsibilities for risk assessment and mitigation.
