In cybersecurity, risk is represented by the combination of an asset, a threat, and a vulnerability. This means that for a risk to exist, there must be something of value (an asset) that could be negatively impacted, a potential source of harm (a threat), and a weakness that could be exploited (a vulnerability). The presence of an asset alone does not constitute a risk without the potential for a threat to exploit a vulnerability. Similarly, a threat without the ability to exploit a vulnerability does not pose a risk to an asset. Therefore, the representation of risk encompasses all three elements: the asset that needs protection, the threat that could cause harm, and the vulnerability that could allow the threat to affect the asset.

References: This definition aligns with the principles of risk management and cybersecurity frameworks, such as those from the National Institute of Standards and Technology (NIST) and is consistent with the EC-Council’s Certified Network Defender (CND) program guidelines1234.