Risk analysis: A component of risk management that involves the identification and assessment of risks. It involves determining the likelihood that a threat will exploit a vulnerability and the subsequent impact on an organization. It helps in prioritizing risks based on their potential impact and the likelihood of occurrence, facilitating effective decision-making about how to manage these risks, whether that’s through mitigation, transfer, avoidance, or acceptance.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D2: Information security risk management | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D3: Risk Identification Monitoring and Analysis
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