With a cyber attack being attempted every 40 seconds and ransomware attacks increasing at a rate of 400% year over year, it’s no wonder your organization has to take security seriously. But do you feel confident that you’ve allocated an appropriate amount of resources towards your security program?
Do you know which information assets and systems are most vulnerable? And have you calculated the potential financial costs you’d incur if key systems were to go down? In our modern, highly volatile cyber risk environment, these are critical questions for every organization to answer. Getting the answers will require your organization to become proficient in conducting an IT risk assessment.
What is an IT risk assessment?
IT security risk assessments focus on identifying the threats facing your information systems, networks, and data and assessing the potential consequences you’d face should these adverse events occur. Risk assessments should be conducted on a regular basis (e.g., annually), and whenever major changes occur within your organization (e.g., acquisition, merger, re-organization, when a leader decides to implement new technology to handle a key business…
