More than a number: Your risk score explained
Understanding risk score calculations
The NIST guide recommends four distinct steps toward a comprehensive risk assessment. The first step is to prepare for the assessment by identifying the purpose, scope, assumptions, constraints, sources of information to be used as inputs, and the risk model and analytic approaches to be employed.
Following preparation, the second step towards risk assessment is to conduct the assessment. The third step is to communicate the results of the risk assessment and to share the information to help support other risk management activities. Lastly, the fourth step of the NIST-recommended approach to risk assessment is to continually monitor the identified risk factors and to continually update it using the results from the monitoring set forth by the existing risk assessment.
Download the report to understand more about your risk score calculations.