The fundamental difference between a business impact analysis (BIA) and risk management is that risk management focuses on identifying threats, vulnerabilities, and attacks to determine which controls can protect the information, while the BIA assumes security controls have been bypassed, have failed, or have proven ineffective, and the attack has succeeded.
A business impact analysis (BIA) refers to a scientific process to decide and compare the potential effects of an interruption to essential commercial enterprise operations as a result of a disaster, accident, or emergency.
A BIA is a crucial thing of an organization's commercial enterprise continuity plan (BCP).
Therefore, BIA assumes security controls have been bypassed, have failed, or have proven ineffective, and the attack has succeeded.
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