What are the benefits of security risk assessment?

Fundamentals of Information Systems
9th Edition
ISBN:9781337097536
Author:Ralph Stair, George Reynolds
Publisher:Ralph Stair, George Reynolds
Chapter9: Cybercrime And Information System Security
Section: Chapter Questions
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What are the benefits of security risk assessment?

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A Security Risk Assessment (SRA) is an evaluation that includes defining the threats in your company, your technologies, and your processes to ensure that safeguards are in a position to protect against threats to security.

In systems, a security risk assessment defines, reviews and applies essential security measures. It also works on avoiding bugs and security holes in programs. The depth of risk management models is influenced by variables such as scale, growth rate, wealth and asset portfolio. Organizations may perform abstract tests while they are facing expenditure or time constraints. However, generic assessments do not typically include comprehensive mappings between properties, related hazards, defined risks, impacts, and controls to mitigate.

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