Which of the following describes the process of asset identification during a risk assessment?
A)Collecting data on the value of bank accounts and other financial notes controlled by the organization
B)Identifying and classifying the assets,systems,and processes that need protection because they are vulnerable to threats
C)Collecting data on the property plant and equipment to be prepared to file an insurance claim
D)Hiring an outside auditing firm to assess the total net worth of the company

Question

Quizplus · Accepted Answer

Asset identification during a risk assessment involves identifying and classifying the assets, systems, and processes that need protection because they are vulnerable to threats. This includes determining the value and criticality of assets and assessing their susceptibility to risks such as cyber-attacks or natural disasters. Collecting data on financial notes controlled by the organization (A) or property plant and equipment (C) may be relevant to specific risk assessments but is not a comprehensive description of asset identification. Hiring an outside auditing firm to assess net worth (D) is not directly related to identifying and assessing assets for risk management purposes.

Which of the Following Describes the Process of Asset Identification