This process is essential on a regular basis because it is an essential step towards developing or updating a risk management strategy. Once the critical assets and risks of an organization have been identified, a plan to integrate and improve the security of data and systems can be drafted, improved and executed so as to incrementally minimize the risks of a breach and/or consequences thereof.
This approach takes into account a vast array of considerations such as data, data architecture, governance, awareness, third-party services, security measures, risk management, etc., to culminate with a detailed report comprising recommendations and priorities.