Risk assessment is a systematic process in cybersecurity that identifies, analyzes, and evaluates potential threats and vulnerabilities to an organization’s information systems and networks. It involves assessing various security risks’ likelihood and potential impact, allowing organizations to prioritize their security efforts and allocate resources effectively. Key steps include asset (or data) identification, threat analysis, vulnerability assessment, and risk prioritization. Regular risk assessments help organizations develop targeted strategies to mitigate high-priority risks, implement appropriate security controls, and make informed decisions about cybersecurity investments. This ongoing process is crucial for maintaining a strong security posture and adapting to evolving threats in the digital landscape.