A distribution network risk identification system and method and a computer storage medium include: multi-source information data for risk identification is acquired; the multi-source information data is analyzed and processed to obtain a risk characteristic; a risk identification index is calculated on the basis of the risk characteristic, and a state of a power grid is determined according to the risk identification index; a temporal and spatial variation rule and variation trend of the risk characteristic are analyzed; a location and cause of occurrence of a risk are determined according to the temporal and spatial variation rule and variation trend of the risk characteristic; a severity of the risk is analyzed by adopting an analogue simulation manner; and the severity of the risk is assessed, and risk early warning information is issued on the basis of an assessment result.