Risk is the possibility of harm or loss characterized by an event or scenario, consequence or impact to the organization and the possibility of the event taking place.
Step-by-step Security Risk Assessment
Identify Critical Assets
Identify Security requirements for each Critical Asset
Identify Threats to each Critical Asset
Identify Current Organizational and Operational Vulnerabilities
Conduct Vulnerability Assessment
Identify Current Security Practices
Identify Areas of Concern
Risk Management Plan
Prioritize your risks
For each risk, identify an action or countermeasures to mitigate the risk
Decide to accept or mitigate the risk
Develop protection strategy and risk mitigation plan
Risk Monitoring
Develop Metrics to assess progress
Implementation of security plan
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