What is risk assessment?

Risk assessment is fundamentally about identifying and analyzing potential issues that could negatively impact an organization's information systems and assets. This process involves evaluating risks that can arise from internal and external sources, assessing the likely impact of these risks, and determining their likelihood of occurring. By systematically identifying vulnerabilities and potential threats, organizations can prioritize their security measures effectively and allocate resources to mitigate these risks.

The primary goal of risk assessment is to ensure that all potential risks are recognized and understood, allowing organizations to make informed decisions about risk management strategies. This proactive approach helps in safeguarding sensitive information and maintaining operational continuity.

The other choices do not encompass the core principles of risk assessment. Collecting user data, securing physical locations, and planning software deployment focus on specific activities rather than the comprehensive evaluation of risks, making them less relevant to the concept of risk assessment.