Why do Companies Conduct Cybersecurity Risk Assessments? (Essay Sample)

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Cyber Security
Employees play a crucial role on organizational performance. Criminals are however relying on mistakes made by employees to attack companies. Some of the key attributes that contribute to data breach in organization includes employee carelessness, phishing and lack of cyber security awareness among the workforce. The paper seeks to evaluate the issue of cybersecurity in the workplace.
Why Do Companies Conduct Cybersecurity Risk Assessments?
Companies need to conduct a cybersecurity risk assessment to uncover, fix, and protect themselves from potential risk or vulnerabilities (Sallam 13). Data breach is a severe threat in the modern business setting. Companies are losing valuable information to criminals, a challenge that they can overcome through risk assessment.
Businesses should conduct a cybersecurity risk assessment to create awareness on the risks associated with the distress. Through the risk assessment, companies will understand possible threats, source, and impact of the challenge to their business performance (Sallam 13). Therefore, the process will enable the employees to appreciate the significance of cybersecurity and incorporate the process into their daily routine. Raising awareness is essential and considered as the first step towards protecting the firm from possible threats in the future.
With increased innovation, no business is safe from cyberattacks. Therefore, risk assessment is one of the ways through which companies can be prepared for any future attacks and save their firm from losing money and vital information. Additionally, embracing practical cybersecurity risk assessment is perceived to help businesses to prevent possible hacks or breach. Cybersecurity risk assessment contributes to improved communication. Through the evaluation, firms are likely to identify communication challenges and how they can be resolved. The process involves stakeholders from various departments.
What Do They Find out from These Assessments?
Various factors are obtained from cybersecurity risk assessment. From the risk assessment process, it is possible to identify and document the threat sources. The primary sources of threats identified include adversarial and non-