CATASTROPHIC RISK ANALYSIS

Catastrophic risk analysis is the process of identifying and assessing potential hazards that could cause severe or widespread damage, such as natural disasters, cyber-attacks, or industrial accidents. It involves evaluating the likelihood of these events occurring and understanding their possible impacts on people, infrastructure, and the economy. The goal is to help organizations and governments prepare for, mitigate, or prevent such extreme events by making informed decisions based on the potential severity and likelihood of catastrophic outcomes. This analysis ensures better resilience and strategic planning for unforeseen, high-impact incidents.