Meaning ● In the realm of Small and Medium-sized Businesses (SMBs), Risk Assessment denotes a systematic process for identifying, analyzing, and evaluating potential threats to achieving strategic goals in areas like growth initiatives, automation adoption, and technology implementation. Understanding potential vulnerabilities enables SMBs to make informed decisions regarding resource allocation and protective measures. Business strategy now involves more planning. ● As businesses seek to digitally transform operations, understanding the cyber risk environment is paramount, with proper mitigation protocols safeguarding assets and ensuring operational continuity. Analyzing internal operations enables business stakeholders to align growth strategies with automation projects that bolster competitiveness.
