How often should companies conduct cybersecurity risk assessments?

Businesses should ideally perform cybersecurity risk assessments on a regular basis, with the frequency depending on factors such as the industry, size of the organization, nature of operations, and regulatory requirements. A common best practice is to conduct risk assessments at least annually or whenever significant changes occur in the business environment, such as implementing new technology, expanding operations, or experiencing a security incident. Regular assessments help businesses stay proactive in identifying and addressing potential vulnerabilities to maintain a secure posture.