The initial step of the risk management plan. Its main aim is to identify the risks—including the sources, causes, and consequences of the internal and external risks affecting the security of the organization before they cause harm.

The initial step of the risk management plan. Its main aim is to identify the risks—including the sources, causes, and consequences of the internal and external risks affecting the security of the organization before they cause harm.

• A. Risk Assessment
• B. Risk Identification
• C. Risk Management
• D. Tactical Threat Intelligence

Answer: (B)

Identifying risks is the first step in risk management. It means cataloging potential threats and the sources, causes, and consequences of both internal and external risks that could impact the organization’s security, and doing so before any harm occurs. This creates a risk register that records what could go wrong, providing the foundation for later analysis, prioritization, and mitigation. Once risks are identified, they can be analyzed for likelihood and impact to determine which require attention, and strategies can be developed to reduce or transfer those risks. The other concepts describe later activities—assessing risks after they’re identified, managing the overall process, or gathering current threat information—rather than the initial identification of what might go wrong.

Identifying risks is the first step in risk management. It means cataloging potential threats and the sources, causes, and consequences of both internal and external risks that could impact the organization’s security, and doing so before any harm occurs. This creates a risk register that records what could go wrong, providing the foundation for later analysis, prioritization, and mitigation. Once risks are identified, they can be analyzed for likelihood and impact to determine which require attention, and strategies can be developed to reduce or transfer those risks. The other concepts describe later activities—assessing risks after they’re identified, managing the overall process, or gathering current threat information—rather than the initial identification of what might go wrong.