Risk assessment – the process of identifying, analyzing and evaluating risk – is the only way to ensure that the cyber security controls you choose are appropriate to the risks your organization faces. Without a risk assessment to inform your cyber security choices, you could waste time, effort and resources – there is, after all, little point implementing measures to defend against events that are unlikely to occur or won’t have much material impact on your organization. It is also possible that you will underestimate or overlook risks that could cause significant damage to your organization.
