Counterfeit electronic components entering into critical infrastructure and applications through the global supply chain threaten the economy and national security. In response to the growing threat from counterfeits, the Society of Automotive Engineers G-19 Committee is developing AS6171. This aerospace standard is focused on testing facilities with a goal of standardizing the process of counterfeit detection. An integral part of the standard is a semi-quantitative risk assessment method. This method assigns risk scores to electronic components based on a number of relevant criteria, and places the components into one of five risk tier levels corresponding to an appropriate level of laboratory testing to ensure the authenticity of the component. In this way, the methodology aims at standardizing the risk assessment process and bases the identified risk as guidance for commensurate testing protocols. This paper outlines the risk assessment method contained within AS6171 and briefly explores other complementary efforts and research gaps within the G-19 and electronics community.