Conducting Effective Risk Assessment for Enhanced Security Considerations
The Importance of Risk Assessment in Security Considerations In today’s digital landscape, Risk Assessment is an crucial aspect of any organization’s security strategy. According to a survey by the Ponemon Institute, 60% of companies experienced a data breach in 2020, resulting in an average cost of $3.86 million per incident. Clearly, the financial implications of a security breach can be devastating. Therefore, it is essential to conduct a thorough risk assessment to identify potential vulnerabilities and implement effective countermeasures. ...