Which two components are essential in a risk management framework?

In a risk management framework, risk assessment and risk mitigation are fundamental components because they work together to identify and address potential vulnerabilities within an organization's network and information systems.

Risk assessment involves systematically identifying and evaluating risks that could adversely affect the organization’s operations or assets. This process helps organizations understand the likelihood and impact of various threats, allowing them to prioritize which risks need to be addressed first.

Once risks have been assessed, risk mitigation comes into play. This is the process of developing strategies and implementing controls to reduce the likelihood of these risks occurring or to lessen their impact should they occur. Effective mitigation strategies could involve adopting security measures, establishing policies, conducting training, or deploying technologies designed to defend against identified threats.

Together, these two components create a proactive approach to risk management, ensuring that an organization not only understands its risk landscape but also takes actionable steps to protect itself against potential harm. This systematic process is crucial for building a resilient security posture and maintaining the integrity of networks and data.