What term refers to the systematic process of identifying security vulnerabilities and risks in an information system?

The systematic process of identifying security vulnerabilities and risks in an information system is known as risk assessment. This term encompasses the overall evaluation of security vulnerabilities, including the analysis of potential threats and the impact they could have on the system. Risk assessment is crucial in understanding what weaknesses exist, prioritizing those weaknesses based on potential impact, and determining the likelihood of various risks affecting the information system.

While risk analysis is part of the broader risk assessment process, it specifically focuses on the evaluation and interpretation of identified risks rather than the comprehensive identification process. Vulnerability scanning, on the other hand, involves using tools to detect specific vulnerabilities in a system but does not encompass the broader assessment of risks associated with those vulnerabilities. Risk mitigation refers to actions taken to reduce the severity or impact of risks, but it is not the process of identifying vulnerabilities and risks itself.