A cybersecurity risk assessment is a critical process for identifying, analyzing, and mitigating risks to a company's information technology infrastructure. It involves scoping the assessment, recognizing threats, evaluating risks and their consequences, identifying and prioritizing threats, and recording all potential hazards. This process helps in enhancing a company's security posture against cyber attacks, ensuring the protection of assets, and compliance with regulatory requirements. For a detailed guide on conducting a cybersecurity risk assessment, visit The Walker Group.