An information security threat and risk assessment (TRA) is the process of identifying and quantifying the cyber security threats to your business’ information assets. The assets that if illicitly or accidentally accessed, modified, corrupted or deleted could cause your business harm. How much harm? A security threat and risk assessment will answer that question. It provides the data set which allows intelligent, risk-based decisions and should determine budget considerations. Without it, your risk approach will be ad hoc and driven by external influences.
The only constant in cyber security is “change”. Markets change. Businesses change. Staff change. Information assets change. Technology changes. Vulnerabilities change. Threats change.
Everything changes. These constant changes require a continual reassessment of your risk environment. Your best tool to do this is conducting information security threat and risk assessments.