How to Conduct a Security Assessment

A security risk assessment is a process to identify and evaluate security risks within an IT ecosystem. It involves determining the potential vulnerabilities and threats to the system and suggesting appropriate measures to mitigate identified risks. This assessment is a critical part of an organization's overall risk management strategy.‍

Security Risk Assessment Process

• Determine The Scope: Decide what parts of your IT environment to assess.
• Asset Inventory: Create a comprehensive list of all IT assets, including hardware, software, and data. 
• Identify Threats and Vulnerabilities: Identify where your IT systems might be at risk.
• Analyse Risk and Impact: Understand the potential consequences of these risks.
• Prioritize Risk: Decide which risks to tackle first based on their severity.
• Document Risks: Keep detailed records of identified risks and a strategy to address them.