Which of the following consists of peer assessments that help identify security threats and vulnerabilities?

Risk assessment evaluates the likelihood and impact of threats to an organization but is not a peer review of code or technical artifacts.

Code reviews involve one or more peers systematically examining source code to identify security defects, logic errors, and vulnerabilities that automated tools might miss. Because they are collaborative and structured, they directly match the definition of peer assessments that identify security threats and vulnerabilities. They are a recognized secure development practice in standards such as OWASP and NIST SP 800-218.

Baseline reporting documents the standard configuration of a system and is used to detect deviations, not to identify vulnerabilities through peer collaboration.

Alarms are alerting mechanisms for detecting incidents in real time and are not a form of peer assessment or review.