A thorough risk assessment is crucial for developing relevant and impactful policies. The process includes:

Asset Identification: Determine what needs protection, such as data, hardware, or intellectual property.

Threat Analysis: Identify potential threats, including cyberattacks, insider threats, and natural disasters.

Vulnerability Assessment: Examine existing security measures to identify gaps.

Risk Evaluation: Calculate the likelihood and potential impact of identified threats.

Prioritization: Focus on addressing high-risk areas that could cause significant harm.
Findings from the risk assessment guide the focus and content of the cybersecurity policies.