The Risk Assessment management process details how the organization uses a proactive approach to protecting its information systems and data by performing regular gap analyses, security testing, compliance assessments, impact assessments, capability assessments and other types risk analysis.
The assessment is an expert-led process and includes interviews with several department and subject matter experts. This evaluation consists of a documentation review of past assessments, process documentation, and evidence of implemented security processes.
Risk assessments are integral for measuring the effectiveness of existing security controls and detecting emerging threats within the environment, and serving as a mitigating control to assure that systems are providing the necessary protections. A successful Risk Assessment plan should be designed to translate risk to actionable business information points.
If you are interested in compiling your own risk assessment, find out more about the Risk Assessment Training we offer.