Which term describes the level of risk associated with an incident?

The term that best describes the level of risk associated with an incident is indeed all-encompassing, as each of the provided terms—impact, severity, and priority—relates to different dimensions of understanding risk in the context of security incidents.

Impact refers to the potential consequences an incident could have on an organization, including financial loss, reputational damage, or operational disruption. This gives a qualitative understanding of how an incident might affect the business.

Severity gauges the seriousness of an incident, often measured by factors such as the scope of exposure or the extent of damage caused by the incident. This provides insight into how critical a response needs to be, thus influencing the decision-making process during incident management.

Priority is tied to the urgency with which an incident needs to be addressed, informed by both its impact and severity. It helps teams allocate resources effectively and respond to incidents that pose the highest risk most rapidly.

By recognizing that each term contributes a vital piece to the overall assessment of risk in incidents, it becomes clear that collectively they provide a comprehensive understanding of risk management in the context of security incidents. Each has its own importance, and together they inform how to respond adequately and effectively to any given incident.