Cybersecurity remains top-of-mind for organizations, and aligning their strategy with acceptable risk is crucial. Determining what constitutes acceptable risk involves weighing the cost of risk mitigation against the potential impact of threats to the organization. This requires a comprehensive understanding of threats, vulnerabilities, and context, as well as prioritizing risks based on likelihood and impact. Organizations can use a multi-step process to catalog threats, prioritize them, and allocate resources to lower risk. To strengthen cloud security and governance, many organizations are moving to a unified approach for infrastructure and security lifecycle management, which removes complexity and reduces risk by empowering effective countermeasures for common threats such as cloud misconfigurations and unauthorized data access.