What is information security risk?

Information security risk encompasses the possible events or circumstances that could lead to disruptions within an organization, harm its reputation, or result in financial losses due to failures in information systems. These risks can arise from various factors related to people, processes, and technology associated with the organization’s information systems.

Risk mitigation involves addressing the organization’s risks associated with people, processes, and technology. Risk management is a multifaceted process that requires all organization members’ participation, ranging from senior executives to frontline employees. Successfully managing information security risks necessitates a comprehensive understanding of how people, processes, and technology interact and function at every level of the organization.

To achieve this, organizations must first identify potential risks and assess their severity and likelihood of occurrence...