It refers to the process of identifying, analyzing, and evaluating the severity and probability of risks and threats associated with business or product development, deployment, and maintenance.
In the context of the DSA, very large online platformsAn online platform refers to a digital service that enables interactions between two or more sets of users who are distinct but interdependent and use the service to communicate via the internet. The phrase "online platform" is a broad term used to refer to various internet services such as marketplaces, search engines, social media, etc. In the DSA, online platforms... are required to annually assess the systemic risks stemming from the design, functioning or use of the platforms, including any actual or foreseeable impact on four distinct categories of risks.