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What is Risk Assessment

Handbook of Research on Advancing Cybersecurity for Digital Transformation
The product or process which collects information and assigns values to risks for the purpose of informing priorities, developing, or comparing courses of action, and informing decision making. The appraisal of the risks facing an entity, asset, system, or network, organizational operations, individuals, geographic area, other organizations, or society, and includes determining the extent to which adverse circumstances or events could result in harmful consequences.
Published in Chapter:
Cybersecurity and Electronic Services Oriented to E-Government in Europe
Teresa Magal-Royo (Universitat Politécnica de Valencia, Spain), José Macário de Siqueira Rocha (Leading Management Technology, Spain), Cristina Santandreu Mascarell (Universitat Politécnica de Valencia, Spain), Rebeca Diez Somavilla (Universitat Politécnica de Valencia, Spain), and Jose Luis Giménez López (Universitat Politécnica de Valencia, Spain)
DOI: 10.4018/978-1-7998-6975-7.ch016
Abstract
Cybersecurity in Europe as the rest of the world has been legislated for only 20 years. Numerous governmental institutions such as councils offer electronic services through their recently created electronic offices. In all of them, the volume of citizens who register temporarily or permanently to request online services related to the processing of documents and services with the government has increased significantly since the pandemic. Confinement has forced users to request numerous online services where authentication is one of the most relevant aspects to access safely and securely. European Union through the Connecting Europe Mechanism, CEF projects of the European Health Executive Agency, and Digital HaDEA has allowed numerous institutions to connect through the eIDAS created to establish trust in electronic transactions between individuals, organizations, and government entities across European member states.
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Behaviour Perspectives as a Contribution to Business Continuity in the ICT Context
Overall process of risk (effect of uncertainty on objectives (ISO 22301, 2019) identification, risk analysis and risk evaluation.
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Flood Hazard Casting and Predictions of Climate Change Impressions
Risk assessment is a process which helps to identify the foremost factors of risk, major the intensity of hazard, analysis of risk which is linked with hazard, control the risk factors, and reduce the effect of hazards.
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Nanotechnology Safety and Security: Nanoparticles and Their Impact on the World
is a term used to describe the overall process or method where you: Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation).
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Personalized Medicine in the Era of Genomics
It refers to identifying sensible measures to control the risks associated with different trials especially where live organisms are involved.
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Industry Process Safety: Major Accident Risk Assessment
Hazard identification and consequence and probability assessment process that determines the level of risk.
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Big Data Application of Breast Cancer Prediction: A Healthcare 5.0 Application for Smart Cities
Risk assessment is a systematic process used to identify, evaluate, and prioritize potential risks or hazards associated with a particular situation, activity, or project. It involves gathering and analyzing relevant data to determine the likelihood of specific risks occurring and the potential impact they may have.
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Assessment of Disruption Risks in Supply Chains
Evaluation of the risk occurrence and impact to the supply chain operations.
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Activity: Review of the IT Audit Responses
Enables an evaluation performed to classify and appraise risks as well as determine potential materiality or significance of a selected area under examination.
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Imperatives of Risk Analysis and Asset Management on Cyber Security in a Technology-Driven Economy
Risk assessment is a process or method of Identifying hazards and risk factors that have the potential to cause harm (hazard identification). It is the process of analysing and evaluating the risk associated with that hazard (risk analysis, and risk evaluation).
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Development and Application of a New Maturity Model for Risk Management in the Automotive Industry
Is the stage in the risk management process at which each identified risk is assessed for its probability or likelihood of occurrence, and its potential impact on either the project phase or the entire project.
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Surveillance Design After Initial Detection
Evaluation of the risk associated with a hazard.
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Zen and the Art of Disaster Planning: Collaboration Challenges in Library Disaster Plan Design and Execution
Determination of the degree and/or type(s) of potential problems and damages that may occur as a result of a threat or accident.
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Electricity Infrastructure Technical Security: Practical Application and Best Practices of Risk Assessment
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Internet of Things Application for Intelligent Cities: Security Risk Assessment Challenges
A systematic process of evaluation and measurement of potential risks that may be involved in a projected activity or undertaking.
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Information Security Policy in Large Public Organizations: A Case Study Through ISO 27002
The analysis of the possible hazards that could occur within a workplace and finding a solution to reduce the risk. This is avoiding injury to an individuals and damage to property.
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Risk Assessment in the Information Technology Industry: An Imperative Phenomenon
The process of evaluating and appraising existing measures of security and controls by assessing their adequacy in response to the impending threats faced by the organization, so as to identify, evaluate, and report them periodically.
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Threat and Risk Assessment Using Continuous Logic
Documenting the evaluation done of the possibility of occurrence of a risk as well as the damage associated and the measures to avoid it or at least mitigate the outcomes from the risk. Closely related with Risk Management.
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Information Security and Risk Management
The process to understand the value of assets, system vulnerabilities, possible threats, threat likelihoods, and expected impacts.
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Methodology for Cyber Security Risk Mitigation in Next Generation SCADA Systems
The process of identifying, estimating, and prioritizing risks. This process comprises threat and vulnerability analyses and considers risk mitigation.
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Analyzing Diffusion and Value Creation Dimensions of a Business Case of Replacing Enterprise Systems
An approach that measures the magnitude of the risk and the probability of its occurrence.
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An Information Security Model for Implementing the New ISO 27001
A risk assessment is a systematic use of information to identify sources of risk, to estimate the risk and to compare the estimated risk against given risk criteria to determine the significance of the risk.
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The Operational Risk Assessments in Manufacturing Industry
The identification, evaluation, and estimating of the levels of risks that is involved in a situation.
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Critical Infrastructure Protection and Security Benchmarks
A process of establishing measures of risk attributes: probability, frequency, and impact, with the intent of providing a sound cost and benefit analysis.
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Fuzzy Logic Approach in Risk Assessment
The process of identifying, evaluating and managing potential events and situations to provide a reasonable level of confidence for the achievement of the business goals.
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Structure Development for Effective Medical Waste and Hazardous Waste Management System
Managers need to think about the factors that might cause harm to people and need to take some special steps to prevent them. This concept is risk assessment and to ensure health and safety of the business, risk assessment should be applied.
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GIS and Remote Sensing in Environmental Risk Assessment
A process to identify hazard types, their intensities/magnitudes, occurring probabilities, and the associated consequences of impact.
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National Security Policy and Strategy and Cyber Security Risks
The product or process which collects information and assigns values to risks for the purpose of informing priorities, developing or comparing courses of action, and informing decision making.
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Can Total Quality Management Exist in Cyber Security: Is It Present? Are We Safe?
A process used to identify and evaluate risk and potential effects. It includes assessing the critical functions necessary for an organization to continue business operations, defining the controls in place to reduce organization exposure and calculate the cost of such controls.
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Risk Assessment of Mass Shootings
This refers to the assessment of an individual’s potential for violence looking at relevant risk factors.
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Internal Control System in Cooperative Society
Activities typically performed by an internal audit unit or auditors in identifying, analyzing, and managing risk including fraud risk.
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Fuzzy Logic Approach in Risk Assessment
The process of identifying, evaluating and managing potential events and situations to provide a reasonable level of confidence for the achievement of the business goals.
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Responding to High-Volume Water Disasters in the Research Library Context
The process to identify possible events or scenarios that may result in collection damage, determine how likely such events may be, and predict the effects of those events on collections. Risk assessment is best accomplished as part of the process of writing a disaster plan targeted to a specific institution.
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Security and Privacy Requirements Engineering
A step in a risk management process that involves the identification, assessment, and prioritization of risks related to a situation; thereby determining, in a quantitative or qualitative way, the value of the risks.
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Dynamic Risk Assessment in IT Environments: A Decision Guide
An assessment which is made based on the impact that each risk event could have on the assets of system.
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Methodological Approach to Systematization of Business Continuity in Organizations
Overall process of risk identification, risk analysis and risk evaluation (ISO 22301:2012, 2012).
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Cybersecurity Risk: Assessment and Management
Risk assessment is the process of determining what dangers are present in the workplace or may develop in the future. A risk assessment identifies which dangers in the workplace are most likely to harm employees and visitors.
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Cybersecurity and Business Continuity: An Essential Partnership in an Era of Digital Interactions
Overall process of risk (effect of uncertainty on objectives (ISO 22301, 2019) identification, risk analysis, and risk evaluation.
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GIS and Remote Sensing in Environmental Risk Assessment and Management
A process to identify hazard types, their intensities/magnitudes, occurring probabilities, and the associated consequences of impact.
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