Which of the following risk management processes identifies the risks, estimates the impact, and determines sources to recommend proper mitigation measures?
Risk assessment is the risk management process that involves identifying risks, estimating their impact on the organization, and determining the sources of those risks to recommend appropriate mitigation measures. The goal of a risk assessment is to understand the nature of potential threats, vulnerabilities, and the consequences of those risks materializing, allowing an organization to make informed decisions about how to address them effectively. Risk assumption involves accepting the potential impact of a risk, risk mitigation focuses on reducing the likelihood or impact of risks, and risk avoidance involves taking actions to avoid the risk entirely.
[References:The ECIH v3 course materials include discussions on risk management processes, outlining the importance of risk assessment in identifying and preparing for potential security threats., ]
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