Final answer:
The first step in conducting a security risk analysis is to identify assets and their value. This step precedes others such as assessing security measures and evaluating threats. For financial assets, it also involves analyzing the risks associated with those assets.
Step-by-step explanation:
The FIRST step in conducting a security risk analysis? is to Identify assets and their value. This crucial step is the foundation upon which the rest of the analysis is built, because you need to know what you are protecting before you can understand how to protect it. Once the assets are identified and their value assessed, you can then move on to the subsequent steps such as assessing current security measures, evaluating potential threats and vulnerabilities, and developing and implementing appropriate security policies.
Considering the subject matter of financial assets, it's important to note that different assets come with different levels of risk, and this initial step would include analyzing these risks. Investors in the financial market need to consider these risks, along with the value of the assets, expected returns, and how the investments fit within their overall portfolio strategy.