Cybersecurity Risk Assessment: A Practical Guide

Security decisions should be risk-driven, not fear-driven.

Step 1: Identify Assets

List critical systems, data, cloud platforms, and devices.

Step 2: Identify Threats

Examples include phishing, ransomware, and insider misuse.

Step 3: Score Likelihood

Estimate exposure level based on environment and controls.

Step 4: Score Impact

Evaluate operational and financial consequences.

Step 5: Prioritize Mitigation

Focus first on high likelihood and high impact risks.

Conclusion

Structured risk assessment turns cybersecurity into a measurable strategy.


Written by Gerald Gedeon