A 'cybersecurity assessment' in risk management evaluates an organization's security posture and identifies vulnerabilities within its IT infrastructure. This involves systematic reviews of security practices, policies, and procedures to determine compliance with standards and best practices. The assessment helps organizations prioritize risks, implement necessary controls, and enhance their overall security readiness. By conducting regular cybersecurity assessments, organizations can proactively address weaknesses and strengthen their defenses against potential threats, ensuring protection of sensitive data and resources.