Risk Analysis

A risk analysis can help an organisation to better manage threats to its IT system or network. The process of a risk analysis usually involves the following:

Process of a risk analysis

1.)  identifying and understanding the threats through research

2.) determining the vulnerability of the business to the threats that have been identified

3.) assessing the possibilities of these threats to actually affect the business

4.) understanding the possible costs of a security breach

5.) identifying the correct measures that are needed to minimise the occurrence of threats

6.) identifying the proper measures that are required to prevent the threat and, if the threat does occur,

knowing what measures are needed to combat it

Once this risk analysis has been performed, a business would then be able to come up with an effective risk management plan.