Definition
Risk strategy and planning is the proactive process of identifying, assessing, and prioritizing potential cybersecurity threats and vulnerabilities to an organization's assets. It involves developing a comprehensive roadmap that outlines how to mitigate these risks through appropriate controls, policies, and procedures. This strategy guides decision making by ensuring that security investments are aligned with business objectives and potential impacts. For instance, a company might plan for a ransomware attack by implementing robust backup solutions and employee training on phishing awareness. This differs from simple risk assessment, which focuses on identifying risks, by also detailing the actionable steps to manage them. Risk strategy and planning is a core concept tested on certifications like Security+, CySA+, and CISSP.