In today’s digital age, cyber risk has transitioned from a peripheral concern to a central issue. Organizations globally grapple with threats from the outside as well as vulnerabilities lurking within their own systems. The fallout from these threats can be severe, impacting finances, reputation, and legal standing. Addressing this, cyber security risk assessment provides a structured approach to identify, analyze, and manage these cyber threats. This guide aims to walk you through this essential process, underscoring the importance of leveraging tried-and-true cyber security frameworks and standards.