What type of assessment is being conducted when evaluating the impact and risks that attacks could have on an organization?

The type of assessment focused on evaluating the impact and risks that attacks could have on an organization is known as Business Impact Analysis (BIA). This process involves identifying critical business functions and assessing how disruptions, particularly those caused by security breaches or other attacks, can affect the organization’s operations and ultimately its profitability and viability.

A Business Impact Analysis aims to determine the potential consequences of an interruption and prioritize recovery strategies to ensure that the organization can continue operating in the face of such challenges. It considers both qualitative and quantitative factors, such as financial loss, reputational damage, and regulatory compliance issues.

This comprehensive assessment helps organizations prepare and develop response plans that can mitigate risks and enhance resilience, making it a crucial part of an organization’s overarching risk management strategy.