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PlexTrac ConceptsRisk Assessment

What Is a Risk Assessment?

A risk assessment is the practice of identifying, analyzing, and evaluating potential cybersecurity threats to an organization or system. A risk assessment aims to determine the likelihood of a security incident and the severity of its impact if it were to occur. Security teams can use assessments to create effective risk management strategies that help them reduce risk faster and pinpoint where their efforts need to be focused.

Why Is A Risk Assessment Important?

A cybersecurity risk assessment protects organizations from digital threats. By identifying and prioritizing the most critical risks, businesses can focus their efforts on vulnerable attack vectors. Risk assessments help organizations strengthen their security posture while safeguarding sensitive data, employees, and business operations.

Assessments—whether audits, vulnerability assessments, or pentests—are the foundation of a security program. As cyber threats evolve, point-in-time testing isn’t cutting it, and organizations need to continuously assess, strengthen, and update their defenses.

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How Does PlexTrac Help With Risk Assessments?

For regular risk assessments, whether as part of an in-house team or as an external contractor, PlexTrac streamlines the assessment, evidence collection, and reporting process.

The PlexTrac Assessments Module supports customizable assessment planning and execution with a questionnaire engine. Questionnaires may include up to 1,000 questions and support fully customizable radio buttons, multiple choice, and free response questions.

With PlexTrac’s Assessment Module, organizations can discover risks in clients, customers, and vendors with assessments conducted directly in the secure platform. PlexTrac Assessments eliminates the hassle and concern of email transmission of sensitive documentation. Because they can work directly in the platform, respondents will have an intuitive interface that eases the burden of assessment completions.

The Assessments Module is just one of PlexTrac’s capabilities that is changing how cybersecurity professionals get real work done. See how PlexTrac streamlines cybersecurity operations. Request a demo today.