Risk Assessment Concepts, Standards, and Frameworks
In this chapter, we will aim to continue the learnings from the previous chapter where we learned about threats, vulnerabilities, and how they translate into risk. In this chapter, we will dive deep into risk assessment concepts (risk scenarios, risk register, and so on), risk assessment standards, and risk management frameworks. We will also learn about maintaining an effective risk register and how we can leverage already available industry risk catalogs to baseline the risk assessment program for an organization.
In this chapter, we will cover the following topics:
- Risk assessment approaches
- Risk assessment methodologies
- Risk assessment frameworks
- Risk assessment techniques
- Importance of a risk register
With that, let us dive into the first section on risk assessment approaches.
