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What Is Information Security Risk Assessment?

What Is Information Security Risk Assessment? March 5, 2023Leave a comment

The recent pandemic combined with the global shift to cloud environment and an unprecedented wave of remote working meant that in the last few years businesses became more vulnerable than ever before. The need to assess the risk of cybercrimes to prevent them from happening became extremely urgent and information security risk assessments turned into necessity.

The cost of cybercrime
Recent statistics do not leave room for any doubt: the current level of cyberthreat is higher than ever, and all businesses are at constant risk.

Check Point Research revealed that in the third quarter of 2022 global attacks increased by 28% compared to the same period in 2021, and that the number of average weekly attacks per organisation worldwide reached over 1130.

Purplesec announced that by 2025 cybercrimes will cost $10.5 trillion annually. Currently, an average malware attack costs a company over $2.5 million.

Every day, bad actors become more skilled and are coming up with always more sophisticated methods to steal money and data. Information security risk assessment is a good way to prevent them from attacking your business.

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