Risk
Risk is the possibility of a vulnerability getting exploited. Risk can also be defined as a threat or attack that can cause damage to the business or the organization.
Risk analysis
It is used to forecast any possible risks that may arise within the organization in terms of assets usage, policy weakness, and so on. The impact would be in terms of financial loss, any critical data loss, and other concerns.
Benefits of risk analysis
The following are benefits of risk analysis:
- Business continuity can be smooth
- All stakeholders are well-informed about the risk and its consequences so that they try to take proactive steps in their respective roles against the risk
- From a network security perspective, it basically helps to manage assets and safeguard them from specific attacks
There are two ways in which risk analysis are implemented:
- Quantitative risk
- Qualitative risk
Quantitative risk
This method of analysis tries to put in some numbers so that there are some analytical values to identify the risks...
