A method for identifying vulnerabilities and assessing impacts to implement security controls is known as?

Risk assessment is the process of identifying vulnerabilities and evaluating potential impacts to establish appropriate security controls. It involves analyzing various factors, including the likelihood of a threat exploiting a vulnerability and the potential consequences of such an occurrence on an organization.

Conducting a risk assessment helps organizations to prioritize their risks, allowing them to allocate resources effectively to mitigate those risks that could have the most significant adverse effects. It also informs decision-making processes regarding which security measures are most effective and necessary based on the identified risks.

By understanding the level of risk associated with specific vulnerabilities, organizations can implement targeted strategies to minimize their exposure and safeguard critical assets. This proactive approach to security is fundamental in the field of incident handling and helps ensure that organizations are better prepared to respond to security incidents.

The other methods listed have related yet distinct purposes that do not encompass the full scope of identifying vulnerabilities and assessing impacts aimed at implementing security controls.