A cyber risk assessment tool is specialised software designed to identify, analyse, and prioritise cybersecurity threats across an organisation’s digital environment. It enables structured evaluation of assets, vulnerabilities, threat scenarios, and existing security controls to determine overall risk exposure. A modern cyber risk assessment tool automates risk scoring based on likelihood and impact, supports qualitative and quantitative methodologies, and aligns with recognised frameworks such as ISO 27001 and NIST. By centralising risk registers, treatment plans, and control mappings, a cyber risk assessment tool improves consistency and defensibility while reducing reliance on spreadsheets. It also provides audit trails, workflow approvals, and executive dashboards, ensuring cyber risks are visible to leadership. Organisations use a cyber risk assessment tool to strengthen governance, prioritise remediation efforts, and demonstrate compliance with regulatory and industry standards.