Which process is primarily involved in assessing security risks in a system?

The process of assessing security risks in a system is primarily encompassed within risk management. This comprehensive framework involves identifying, analyzing, and responding to potential risks that could compromise the security of the system. Risk management establishes a systematic method for recognizing vulnerabilities and threats within the environment, enabling organizations to prioritize and mitigate these risks effectively.

By focusing on risk management, organizations can develop strategies to minimize the impact of security threats and allocate resources efficiently. It encompasses not just the assessment of current risks but also the ongoing monitoring and reviewing of potential risks as the system evolves. This proactive approach is critical in maintaining a secure environment in the face of ever-changing threats and vulnerabilities.

In contrast, incident response is specifically focused on addressing and managing the aftermath of a security breach or attack, while security assessment refers to the process of evaluating the security posture and effectiveness of security controls, often as a part of the broader risk management strategy. Risk evaluation, while related, deals more specifically with determining the significance or severity of identified risks.