Cybersecurity Risk Assessment Guide

Understand where your business is exposed and how to prioritise the risks that matter most.

1. Identify Your Critical Assets

• What systems would stop your business from operating if they went down? • Where is your most sensitive data stored, and who can access it? • Do you have a documented inventory of servers, applications, and devices?

2. Evaluate Likely Threats

• Has your business, or others in your industry, been targeted by phishing or ransomware? • Do you handle regulated data such as health, financial, or legal records? • Are any systems accessible directly from the internet without additional protection?

3. Assess Existing Safeguards

• What technical controls are in place today: MFA, EDR, firewalls, email filtering? • How recently were your systems patched, and is that process consistent? • Do written policies exist for acceptable use, data handling, and incident response?

4. Prioritise & Plan

• Rank identified gaps by likelihood and potential business impact • Address quick wins first: MFA, patching, and backup verification typically offer the best return • Build a realistic timeline and budget for larger initiatives like MDR or formal policy development

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