The document outlines a step-by-step risk assessment methodology focusing on cataloging valuable assets and identifying potential threats and vulnerabilities. It emphasizes analyzing weak points, evaluating potential damage, and determining risk levels based on threat likelihood and impact. Additionally, it encourages the development of countermeasures and continuous monitoring to adapt strategies against evolving risks.

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RISK
ASSESSMENT METHODOLOGY
STEP-BY-STEP APPROACH

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Catalog all valuable assets - data,
systems, and equipment. Know what's
at risk.
Identify Assets
Pinpoint potential threats - natural
disasters, cyberattacks, human error.
Understand your vulnerabilities.
Identify Threats

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Analyze weak points in your systems.
Identify areas susceptible to exploitation.
Assess Vulnerabilities
Evaluate potential damage if threats
exploit vulnerabilities. Measure the
consequences.
Estimate Impact

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Combine the likelihood of threat
occurrence with potential impact.
Determine risk level.
Calculate Risk
Rank risks based on severity. Focus on
high-risk areas that need immediate
attention.
Prioritize Risks

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Develop and apply countermeasures to
mitigate risks. Strengthen your defenses.
Implement Controls
Constantly monitor changes in threats
and vulnerabilities. Adapt your strategies
accordingly.
Monitor & Review

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