Day 3: Stop documenting risks—start fixing them. The exact 5-step risk assessment method that saved a client $200K (with free template). #GRC #Cybersecurity”
💡 The Risk Assessment Wake-Up Call
In 2023, Tech Startup X almost collapsed because:
- They assumed their “secure” cloud was compliant
- Missed 27 critical risks in vendor contracts
- Faced a $200K penalty from a single audit
We fixed it in 5 steps – now I’m teaching you how to replicate this.
🔍 The 5-Step Risk Assessment Framework
(Based on NIST SP 800-30 & ISO 31000)
Step 1: Asset Inventory (The Foundation)
✅ Do This: List EVERYTHING – servers, SaaS tools, even that old Excel file with passwords.
✅ Pro Tip: Use tools like Lansweeper (free for small teams) to automate discovery.
Step 2: Threat Modeling (Think Like a Hacker)
✅ Do This: Brainstorm worst-case scenarios:
- “What if our accounting vendor gets phished?”
- “What if AWS goes down during payroll?”
✅ Real Example: A phishing simulation revealed 60% of employees clicked malicious links.
(Steps 3-5 cover vulnerability scoring, risk prioritization, and mitigation planning – subscribe for full breakdown!)
📊 Risk Matrix Template (Free Download)
| Risk | Likelihood (1-5) | Impact (1-5) | Score | Owner |
|---|---|---|---|---|
| Unencrypted DB | 4 | 5 | 20 | IT Lead |
| No vendor audit | 3 | 4 | 12 | Procurement |
🔥 Get the editable version when you subscribe below!
🚨 3 Deadly Risk Assessment Mistakes
- Only assessing annually (Risks change weekly!)
- Ignoring third parties (60% of breaches start here)
- No executive buy-in (Without budget, you’re just documenting disasters)
🎯 Your Day 3 Challenge
1️⃣ Try It: Assess one critical asset using the 5-step method (Comment your findings!)
2️⃣ Watch: 7-min NIST risk assessment walkthrough (DM for link)
3️⃣ Subscribe: Get the full toolkit (Templates + Case Studies)
👉 Join GRC Insiders (Free access – limited spots!)
📅 What’s Next?
Day 4: “Compliance Audits Demystified – How to Pass With Zero Findings”
🔔 Follow @CyberRiskAliyu for daily risk management tips!
💬 Let’s Engage!
- “What’s your #1 risk assessment struggle?” (Time? Tools? Buy-in?)
- “Want the full 5-step video guide? Like/share this post!”
#RiskManagement #GRC #CyberRisk
(Missed Day 2? COBIT vs. NIST breakdown here)
