Cybersecurity Risk Assessment Made Easy for newbies and freshers | Risk Assessment with Case Studies

Explanation of the importance of risk assessment in cybersecurity and its role in protecting valuable data and systems from potential threats.

Detailed explanation of risk assessment, likelihood, impact severity scores, and the proactive approach to identify vulnerabilities.

Discussion on identifying critical assets and setting objectives for risk assessment, including tangible and intangible items like intellectual property and compliance with regulations.

Explanation of ways to identify threats and vulnerabilities using vulnerability scanning tools and assessing the likelihood of their occurrence.

Understanding the potential impact of threats, defining vulnerability severity, and ranking risks based on methodology.

Exploration of prioritizing risks based on critical assets, impact if not mitigated properly, and regulatory requirements.

Strategies for mitigating risks, including implementing control measures, regular monitoring, and updates to address evolving threats.

Example of risk assessment for an online store with customer data, assessing risks like data breaches, weak passwords, and SQL injection.

Case study on conducting risk assessment for a medical and hospital data infrastructure, assessing assets like electronic health records, medical devices, and compliance with regulations like HIPAA.