Which domain covers risk identification and assessment?

The domain specifically focused on risk identification and assessment is Risk Management. This area encompasses the processes of recognizing potential risks that could negatively impact an organization's assets and operations. It is essential for identifying threats, vulnerabilities, and potential impacts, thus facilitating informed decision-making about how to mitigate or manage those risks effectively.

In the context of risk management, professionals engage in practices such as conducting risk assessments, analyzing the likelihood and impact of risks, and prioritizing them based on the organization’s risk appetite. This process is fundamental for developing a robust security posture and ensuring that adequate measures are in place to safeguard assets.

The other domains mentioned do not concentrate primarily on risk identification and assessment; they each have distinct areas of focus. Access Controls is mainly about defining who can access certain resources and under what conditions. Security Operations and Administration deals with the management of security mechanisms and day-to-day security operations. Incident Response focuses on how organizations detect and respond to security incidents after they have occurred. Therefore, Risk Management is the definitive area that directly addresses risk identification and assessment.