What type of assessment estimates the financial impact of risks in information systems?

The correct answer is that a Business Impact Analysis (BIA) estimates the financial impact of risks in information systems. A BIA helps organizations identify critical functions and the processes necessary to support them. By analyzing the potential effects of different types of risks—such as data breaches, system failures, or other disruptions—the BIA quantifies how these risks can financially affect the organization.

In this assessment, it is crucial to determine which information systems are essential for operations and how their failure would impact revenues, costs, and overall business continuity. This financial perspective allows organizations to prioritize risk management efforts and allocate resources effectively to mitigate the identified risks.

Risk assessments, while closely related and also important, focus more broadly on identifying and evaluating risks rather than estimating their financial impact. Cost-benefit analysis is utilized to compare the costs of a risk mitigation strategy against the benefits of its implementation but does not primarily focus on estimating impacts from risks themselves. SWOT analysis examines organizational strengths, weaknesses, opportunities, and threats but does not provide a detailed financial assessment of risks.

Thus, a Business Impact Analysis specifically targets the financial consequences of risks associated with information systems, making it the most appropriate choice for the question posed.