Likelihood hinges on factors such as the capabilities of potential threat actors, the existence and accessibility of vulnerabilities and the presence of threat events.Impact is about the potential consequences should the threat event occur. It's understanding the harm or loss an organization may face in terms of financial damage, reputational harm, operational disruptions and more.Estimating the likelihood of threats has been a long-standing challenge for the industry.
The security team needs more visibility into what is being worked on by whom and the criticality of those projects to the business. This lack of insight makes it difficult to determine the potential impact of a threat if it were to exploit a vulnerability. The challenge lies in identifying which assets, whether code or cloud, have a high impact on the business and which pose a higher risk. This complex task requires a deep understanding of the organization's operations, the threat landscape and the potential consequences of different types of threats.In any organization, the list of potential threats can be overwhelming. Priority one risks are those that, due to their high likelihood and potential impact, are most critical for an organization.
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