: IT risk management is an important challenge for businesses and software vulnerabilities are a major source of IT risks, as the 2006 CSI/FBI Computer Crime and Security Survey [GLLR06] demonstrates. According to the survey, many companies consider it important to quantify the losses attacks against their IT systems cause but are unable to do so. In service-oriented architectures, we see a promising option of identifying the risk impact a software vulnerability has on the confidentiality, integrity, and availability of business processes. Instead of performing this identification manually, which is a time-consuming task, we present an approach of identifying the risk impact in a highly automated manner, and report on our ongoing work in this area.