Conduct IT risk and threat assessments

Trigger: A scheduled security review, major infrastructure change, or new threat intelligence alert initiates the assessment process.

1. Inventory in-scope IT assets and information systems
2. Identify potential security threats and system breach points
3. Analyze the likelihood and business impact of identified vulnerabilities
4. Calculate and assign risk levels to each threat
5. Develop mitigation strategies and security control recommendations
6. Finalize and distribute the IT risk assessment report to stakeholders

Outcome: Identified IT risks and threats are documented, quantified, and paired with prioritized mitigation plans in a formal assessment report.