How often should a risk assessment be conducted according to DSAC Annex B?

Conducting a risk assessment periodically and after significant changes in the organization is important for maintaining a robust risk management framework. This approach ensures that the organization remains vigilant about emerging threats and vulnerabilities that may arise due to new technologies, changes in operations, or shifts in external conditions. Regular assessments allow for the identification and evaluation of risks in a dynamic environment, contributing to proactive security measures.

Furthermore, significant organizational changes, such as mergers, acquisitions, or the introduction of new processes, can alter the risk landscape significantly, necessitating a fresh assessment to capture any newly introduced vulnerabilities or changing risk levels. By adopting this flexible and responsive strategy, organizations can ensure that their risk management practices remain relevant and effective over time, rather than merely adhering to a rigid schedule or only reacting after incidents occur.