A cybersecurity risk assessment is a structured evaluation process used to identify, analyse, and prioritise cyber risks that could impact an organisation’s operations, data, or reputation. In Australia, cybersecurity risk assessments often align with ISO 27001, NIST frameworks, and regulatory requirements such as APRA CPS 234 or the SOCI Act. The assessment involves asset identification, threat modelling, vulnerability analysis, likelihood and impact evaluation, and risk treatment planning. Outputs typically include a risk register, prioritised remediation roadmap, and executive-level reporting dashboard. Conducting regular cybersecurity risk assessments enables organisations to proactively address vulnerabilities before exploitation occurs. By integrating risk assessment findings into governance frameworks, businesses strengthen resilience, improve compliance posture, and enhance strategic decision-making around cyber investments.