IT Risk Assessment Importance

To enhance cybersecurity programs and avoid legal fees

To identify threats to IT systems and prioritize mitigation efforts (correct)

To increase compliance penalties and customer churn

To understand potential business impacts and avoid downtime

Assessing customer churn and lost business

Considering a host of cyber risks beyond cybersecurity

Prioritizing cybersecurity efforts as part of a broader program

Identifying vulnerabilities in the IT ecosystem and understanding their financial threat (correct)

IT risk assessments focus on cybersecurity, while security risk assessments consider financial threats

Security risk assessments focus on vulnerabilities in the IT ecosystem, while IT risk assessments consider a host of cyber risks (correct)

There is no difference, they are both terms for the same process

Security risk assessments focus on customer churn, while IT risk assessments consider legal fees

<p>To avoid costly business disruptions, data breaches, compliance penalties, and other damage</p> Signup and view all the answers

<p>To accurately prioritize security efforts as part of a broader cybersecurity program</p> Signup and view all the answers