Risk Assessment vs. Risk Analysis: An Overview

Risk Assessment vs. Risk Analysis: An Overview The recent growth of the extended enterprise has reached a tipping point. That means more organisations are expanding their businesses into the Cloud, staying leaner, and taking advantage of third-party support. At the same time, data breaches are at an all-time high. According to the Ponemon Institute, the average cost of a data breach in 2020 was $3.86 million. Across the globe, there is a growing awareness that organisations need to proactively manage their cyber risk. Often used as synonyms and easily confused, risk assessment and risk analysis are two unique cyber security processes that IT leaders need to understand to effectively address security issues to prevent data breaches. Below, find out about the differences between these processes and how they fit into a successful cyber security programme. What is a risk assessment? A cyber security risk assessment is the process of identifying,