Risk Assessment

There are a number of insider and outsider threats to the critical information assets of the companies in today’s world. A number of companies invest millions of dollars in order to enhance their level of information security but still failbecause of the lack of sense of direction, clear objectives and appropriate importance that investment strategy must be based on risk levels. In order to obtain maximum benefits from the information security investments and improving overall risk profile of an organization, it is vital to identify the highest risk issues and build up a remediation strategy to address them. The main purpose of Information security risk assessments is to provide organizations with an accurate assessment of the risks to their information assets and assist them prioritize and develop a remediation strategy to reduce risk. The risk assessment’s main focus is on the identification and evaluation of the organization’s assets, and to analyze those assets in relation to potential threats and vulnerabilities, which results in ranking of risks that need to be mitigated. Risk assessment is very important in order to ensure that an organization is managing its information security assets with the industry’s best practices and the appropriate laws and regulations. The outcome or objective of a risk assessment is to provide recommendations that maximize the protection of confidentiality, integrity and availability while still providing functionality and usability. In order to best determine the answers to these questions a company or organization can perform a risk assessment.