The business dictionary defines risk assessment as:
"The identification, evaluation, and estimation of the levels of risks involved in a situation, their comparison against benchmarks or standards, and determination of an acceptable level of risk."
In other words, risk assessments are about discovering everything that could potentially go wrong with a particular situation such as the specific setup and configuration of a system. By discovering the flaws or vulnerabilities of that system, the possibility of something going wrong and the potential impact of the occurrence can be determined. Given that explanation, let’s look at a definition of risk. The authors of the book Hacking Exposed Industrial Control Systems: ICS and ...
