3.1—3.1
>Control Description
Risk assessment is the central component of an effective life cycle approach to IA, helping to identify the highest risk areas and assisting IA (or information security) managers with the prioritizing and allocation of resources to efficiently reduce overall risk. This requires a systematic and repeatable approach for assessing the posture of cybersecurity systems and networks, enabling expenditures on controls to be balanced against the potential harm of security failures.
The risk assessment methodology outlined here ensures a uniform approach across all entities and produces comparable results, while still offering each entity the freedom needed to leverage its existing processes and meet its own business needs.
The National Cyber Security Risk Management Framework provides further detailed description and guidance to critical entities on the appropriate approach and methodology to conduct risk assessment.
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