Risk Assessment

Risk Assessment

Risk Assessment Keys

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X

Likelihood

Severity

1

2

3

4

5

2

4

6

8

10

3

6

9

12

15

4

8

12

16

20

5

10

15

20

25

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Risk Assessment Form

Risk

Description

Likelihood

Severity

Inherent Risk

Control

Control Effectiveness

Residual risk

Example risk: Unauthorised access to production database

Unauthorised access to the production database could lead to data breaches, loss of customer trust, and regulatory penalties.

3

4

12

Implement multi-factor authentication and regular access reviews.

80%

2.4