Definition
Risk Analysis: Prioritization is the process of ranking identified security risks based on their potential impact and likelihood of occurrence. This allows organizations to focus their limited resources on addressing the most critical threats first. By systematically evaluating each risk, security teams can make informed decisions about where to invest time and budget for mitigation. For instance, a company might prioritize patching a critical vulnerability on a public facing web server over updating an infrequently used internal application. This differs from basic risk identification, which simply lists potential threats without ranking them. This concept is fundamental to domains like threat and vulnerability management found on certifications such as Security+ and CISSP.