Understanding Risk Identification
Risk identification is the foundational step in cybersecurity risk management. It involves recognizing and listing potential threats and vulnerabilities that could exploit weaknesses in an organization’s infrastructure. A successful risk identification process helps an organization understand its exposure to different cybersecurity threats and prioritize areas for improvement. Without a proper risk identification strategy, organizations risk overlooking critical vulnerabilities or emerging threats that could compromise their assets.
Risk identification should be an ongoing process, as the threat landscape and organizational systems evolve continuously. The goal is to create a comprehensive inventory of all possible risks, both internal and external, that could impact the confidentiality, integrity, and availability of systems and data.