Security Risk Assessment Steps Paper

Description

Identify your risks to jump-start a risk mitigation program

Risk assessment can identify to an enterprise what threats are there and which threats pose an imminent risk to the organization. By identifying the areas of greatest risk, management can concentrate on addressing the areas of risk. Our resources are limited and the risk identification process will allow management to deploy these limited resources to where they can be most advantageous. The goal of risk assessment is not to eliminate all risk but to reduce risk to an acceptable level.

The greatest benefit of a risk analysis is to determine whether it is prudent to proceed with a new project or not. It allows management to examine existing tangible and intangible issues and then decide if moving forward with a project makes sound business sense.