What is the common goal of both risk assessment and risk management?

The common goal of both risk assessment and risk management is to protect information systems. Risk assessment involves identifying and analyzing potential threats and vulnerabilities to an organization's information systems, while risk management focuses on developing strategies to minimize or mitigate those risks. Together, they aim to ensure the confidentiality, integrity, and availability of sensitive data and systems, ultimately safeguarding the organization against potential cyber threats. This protection is crucial for maintaining trust with customers and stakeholders, and for the continued operation of the business.

Maximizing productivity is certainly a goal of many organizations; however, it is not a direct goal of risk assessment or risk management, which are primarily concerned with the security and protection of information systems. Eliminating all cyber threats is an unrealistic objective, as it is impossible to completely eradicate risks in a digital environment. Additionally, while compliance with legal requirements is important, it is often a secondary aim that arises from the need to protect information systems and may not encompass the broader objectives of risk assessment and risk management. Therefore, the focus on protecting information systems is the most aligned goal of these two processes.