An asset-based risk assessment is a type of risk assessment that focuses on identifying and evaluating the risks to an organization's assets.

Assets can include physical assets such as buildings, equipment, and infrastructure, and intangible assets such as data, intellectual property, and reputation. In an asset-based risk assessment, the first step is to identify and classify the organization's assets based on their value, importance, and vulnerability to risks.

The next step is to identify and evaluate the potential risks to these assets, taking into account factors such as the likelihood of the risk occurring and the potential impact of the risk on the asset. The results of an asset-based risk assessment can be used to inform decision-making and guide the development of a risk management plan.