The significance of risk assessment in cybersecurity lies in its ability to identify, evaluate, and prioritize potential threats to an organization’s information systems. By understanding the vulnerabilities and threats, companies can implement appropriate safeguards and allocate resources efficiently. Risk assessments help in compliance with regulations, enhancing the organization’s resilience against cyber attacks. They also provide a framework for continuous monitoring and improvement in security measures, ensuring that organizations can adapt to evolving threats. Ultimately, a robust risk assessment process is essential for protecting valuable data and maintaining stakeholder trust.