A security risk assessment does not focus only on the risks which are actually present in the digital system of an organization; it also makes efforts to identify any potential risks that may become apparent in the future and suggests measures to overcome the same.

A properly executed security risk assessment helps the organization to examine their internal systems from the attacker’s viewpoint. This is a very essential perspective to consider. By putting yourself in the shoes of a potential hostile, you can effectively identify any security loopholes that may be exploited to put your digital assets at risk.
It also helps top level management take policy-based decisions regarding resource allocation, security policy implementation and other associated activities. Therefore, it can be safely said that conducting a proper security risk assessment is one of the essential requirements for ensuring the continued safety of your IT assets.

Four essential steps of a winning security risk assessment process