Risk assessment is the risk management process that involves identifying risks, estimating their impact on the organization, and determining the sources of those risks to recommend appropriate mitigation measures. The goal of a risk assessment is to understand the nature of potential threats, vulnerabilities, and the consequences of those risks materializing, allowing an organization to make informed decisions about how to address them effectively. Risk assumption involves accepting the potential impact of a risk, risk mitigation focuses on reducing the likelihood or impact of risks, and risk avoidance involves taking actions to avoid the risk entirely.References:The ECIH v3 course materials include discussions on risk management processes, outlining the importance of risk assessment in identifying and preparing for potential security threats.

Incident triage is the phase in the incident handling and response process where identified security incidents are analyzed, validated, categorized, and prioritized. This step is critical for determining the severity of incidents and deciding on the allocation of resources for effective response. It involves initial analysis to understand the nature of the incident, its impact, and urgency, which guides the subsequent response actions.
References:The incident triage phase is a foundational concept in the ECIH v3 curriculum, emphasizing the importance of a structured approach to responding to security incidents, ensuring that resources are focused where they are needed most.