A Simple Six-Step Risk Assessment Step 1: Audit of Assets Step 2: Identify Potential Consequences Step 3: Identify Threat Sources and Threat Events Step 4: Identify Vulnerabilities and Assess the Likelihood Step 5: Assess Risk and Probability Impact Step 6: Fix, Patch, and Secure

A cybersecurity risk assessment checklist typically includes the following components: asset identification and evaluation, threat identification and assessment, vulnerability identification and assessment, risk identification and assessment, and mitigation and monitoring.