What are the three basic types of risks commonly assessed?

The identification of physical, technical, and administrative risks provides a comprehensive framework for understanding the various dimensions of security risks that organizations may face.

Physical risks relate to tangible threats such as break-ins, natural disasters, and vandalism that can lead to the loss or damage of assets. Technical risks involve vulnerabilities associated with technology and information systems, including cybersecurity threats, system failures, and data breaches. Administrative risks focus on the policies, protocols, and human factors within an organization that could lead to security lapses or compliance issues.

By categorizing risks into these three areas, security professionals can ensure a more organized approach to risk assessment, allowing them to develop targeted strategies for risk mitigation and resource allocation. This structured assessment is critical for establishing a robust security posture and ensuring that an organization's security measures align with its overall business objectives.