Risk assessment automation using GenAI streamlines the identification, evaluation and management, of cybersecurity risks. Tasks such as data collection, identifying the known threats and vulnerabilities detection, risk analysis, risk prioritization, remediation suggestions and reporting are automated to enhance efficiency, consistency, and accuracy. The framework reduces human error and enables a more proactive approach to cyber risk management. As risk profiles evolve, the automation engine must be periodically updated to maintain accuracy.
The GenAI -based solution allows risk assessments to be conducted quickly and effectively. It reduces manual effort and generate reports in preferred formats. Most assets include components with known vulnerabilities, which can be fetched from the NVD (National Vulnerability Database). Threats and associated risks are identified through scripting and GenAI. Since risk assessments must be repeated periodically to meet regulatory needs or address platform changes, automation significantly reduces time and effort. This paper details the automation for risk assessment as against the conventional manual methodology.