The risk assessment process begins with identifying organizational assets and determining their value to understand potential impacts of threats.
Risk assessments help prioritize risks based on their potential impact, guiding the organization in resource allocation and control implementation.
Residual risk refers to the remaining risk after all mitigation efforts have been applied.
Please select 2 correct answers
Quantitative analysis assigns numerical values to risks, while qualitative analysis uses descriptive methods to assess likelihood and impact.
Risk analysis involves identifying threat sources and vulnerabilities to evaluate potential security risks to assets.
