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Handbook for Information Technology Security Risk Assessment Procedures. 01/13/2004 (csrc.nist.gov/publications/nistpubs/800-12/handbook.pdf).Risk assessment is the process of identifying, estimating, and prioritizing information security risks. Assessing risk requires the careful analysis of threat This tool is designed to allow all ACT members to undertake a systematic evaluation of their exposure to threats and then develop strategies to reduce the risk. The various assessments presented in this guide are designed to help you identify the risks and target vulnerable assets in each category. Potential threats. Risk assessment is the process of identifying, estimating, and prioritizing information security risks. Assessing risk requires the careful analysis of threat