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Checking what could go wrong and how bad it would be.

Definition

A risk assessment is a review of what could go wrong (like leaks or misuse) and how to reduce the risk.

In plain English Checking what could go wrong and how bad it would be.

Why this matters

Why it matters: It helps prioritize the most important privacy and security fixes.

Example

Example: A team identifies that storing precise location is high risk and decides to store less.