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Risk management is a structured and continuous process used in Information Technology Security to identify, analyze, evaluate, and control risks that may affect an organization's information assets. It ensures that security measures are aligned with business objectives while maintaining the confidentiality, integrity, and availability of information. The various components of risk management are closely interconnected, and each stage depends on the successful completion of the previous one. Risk assessment is the foundation of risk management. It is the process of identifying potential threats, vulnerabilities, and the possible impact they may have on information systems. Risk assessment consists of two major activities: risk analysis and risk evaluation. Without a proper assessment, organizations cannot make informed security decisions or prioritize their resources effectively. Risk analysis is the first component of risk assessment. It aims to understand the nature of identified risks by estimating their likelihood and potential impact. Risk analysis depends primarily on risk estimation. During risk estimation, security professionals identify assets, determine threats and vulnerabilities, estimate the probability of security incidents, and evaluate ________ _________ ___ ___ _________ _______ ___ ________ __________.
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