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Risk assessment involves evaluating the potential threats and vulnerabilities associated with implementing two-factor authentication in a technology or network security context. It encompasses identifying the impact of various risk factors, quantifying their likelihood, and determining appropriate mitigation strategies to ensure secure access control. The process includes analyzing user behavior patterns, system configurations, and external threat intelligence to provide a comprehensive understanding of the risks involved with two-factor authentication deployments. By conducting regular risk assessments, organizations can maintain a robust security posture while balancing usability and convenience for end-users.