The 5 elements of a good cybersecurity risk assessment

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A guide to quickly improve any cybersecurity risk assessment

Sarah Fluchs, CTO of admeritia

If the discussion about your risks looks like this, then you’re already doing a lot right.

There’s nothing cybersecurity experts agree on more than the necessity of a cybersecurity risk assessment. Every security standard requires a risk assessment, whether it’s ISO/IEC 27001, IEC 62443, or the NIST Cybersecurity Framework. Every EU security regulation requires a risk assessment, whether for operators (NIS 2 Directive) or manufacturers (Cyber Resilience Act).

And for good reason: The world is full of uncertainties, as yet unknown vulnerabilities, and an unlimited number of possible attack paths. When so much is unclear, a risk assessment is the only way to make an informed decision about necessary cybersecurity measures for a product.

If you want to apply “security engineering” in its literal sense, so if you want to make rational, fact-based, systematic security decisions, then the risk assessment is the best available tool, or in fact the only rational tool.

Companies can use a cybersecurity risk assessment to evaluate how effective their security measures are. This provides a…

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