You need to manage security risks at your company.

TheCCST Cybersecurity Study Guideoutlines the standardrisk management processin the following sequence:

Identify the risks–

"Determine potential threats and vulnerabilities that could negatively impact organizational assets."

Prioritize the risks–

"Assess each risk in terms of likelihood and potential impact to rank them for remediation."

Implement a response–

"Apply the appropriate mitigation, transfer, acceptance, or avoidance strategy to address each prioritized risk."

Monitor results–

"Continuously assess the effectiveness of implemented controls and make adjustments as needed."

(CCST Cybersecurity,Vulnerability Assessment and Risk Management, Risk Management Process section, Cisco Networking Academy)