What is the key task carried out in steps 5 and 6 of the security risk assessment process?

The key task carried out in steps 5 and 6 of the security risk assessment process is event identification. During these steps, the focus is on identifying potential security events that could impact the organization. This involves analyzing various scenarios and understanding how different threats could manifest, what vulnerabilities exist, and how these could lead to incidents. By systematically identifying events, organizations can better prepare for and mitigate risks associated with those potential occurrences.

In the context of security risk assessments, the process of event identification is critical because it establishes the foundation for assessing the potential impact and likelihood of risks. Understanding what events could occur allows for more effective planning and prioritization of security measures to protect assets. This thorough identification process enhances overall risk management by ensuring that potential threats are recognized early on.

Cost-benefit analysis may come later to assess the financial implications of mitigations, while threat mitigation itself involves strategies to address the identified events. Asset replacement typically refers to the process of removing or upgrading compromised or outdated resources, which is not directly related to the event identification task at this stage.