SSCP Systems Security Certified PractitionerRisk Identification, Monitoring, and AnalysisMedium
A security team is implementing a new risk management framework. They have just completed the step of identifying assets, threats, and vulnerabilities. What is the immediate next step in a standard risk management process?
- AAnalyze the risk
- BMonitor and review risks
- CCommunicate and consult
- DImplement controls
Show answer & explanationAnswer & explanation
Correct answer: A. Analyze the risk
After identifying assets, threats, and vulnerabilities, the next logical step in a structured risk management process is to analyze the identified risks to understand their likelihood and impact.
Why the other options are wrong
- B. Monitoring and reviewing risks is an ongoing process that occurs after controls are in place and risks have been treated.
- C. Communication and consultation occur throughout the entire risk management process, but not as a distinct next step after identification.
- D. Implementing controls comes after risk analysis and treatment, not immediately after identification.
Risk Management Process
A systematic approach to identifying, assessing, mitigating, and monitoring risks to an organization's assets.
- It is an ongoing, cyclical process.
- Aims to reduce risk to an acceptable level.
- Involves stakeholders from across the organization.
Memory trick: The 'I-A-T-M' cycle: Identify, Analyze, Treat, Monitor.