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Risk Assessment Matrix Definition: A Risk Assessment Matrix is a tool that helps to identify, prioritize, and mitigate risks by quantifying the likelihood and impact of potential threats.
A Risk Assessment Matrix is a tool utilized in cybersecurity to evaluate and categorize risks based on their likelihood and impact. It typically consists of a grid format where risks are rated as high, medium, or low in terms of their probability of occurrence and the severity of their consequences. This matrix helps in prioritizing risks for mitigation and allocating resources effectively to address them.