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International Law

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Risk refers to the possibility of an adverse event that could result in financial loss or
damage to assets. Understanding risk is essential for organizations because it allows them to
assess the likelihood and magnitude of potential losses. Risk assessment is also a tool for
establishing priorities and deciding how best to protect assets. Vulnerabilities refer to the
weaknesses or opportunities in an asset that could lead to its exploitation. Vulnerability can be
exploited by a malicious actor, resulting in data theft, revenue loss, or damage to physical assets.
By understanding vulnerabilities and their potential impacts, organizations can develop strategies
to mitigate those risks. To protect assets from risk, organizations need to understand the risks
posed by their assets and the vulnerabilities of those assets. Risk assessment is a critical tool for
identifying the most important risks and prioritizing how best to protect them. This paper
explores why understanding risk and vulnerabilities are important in protecting a...