Any organization that’s required to comply with the EU Data protection regulation(GDPR) needs to conduct regular risk assessments. This isn’t just because the Regulation says so; it’s because risk assessments are an essential part of cyber security, helping organizations to address an array of problems that, if left unchecked, could cause havoc.
Organizations might assume that the only risks they face are from cyber criminals trying to break into their systems. However, the GDPR is clear that data is also vulnerable to accidental or unlawful destruction, loss or disclosure. The ways in which these could happen need to be identified at every stage of the data handling processes.
A risk assessment needs to evaluate whether an organization’s technical and organizational measures are equipped to safeguard the confidentiality, integrity, availability and resilience of processing systems and services. They must also be capable of quickly restoring the availability of; and the access to personal data, after a data breach.