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The standard emphasizes a risk-based approach to managing information security, encouraging organizations to identify, assess, and mitigate risks specific to their operational environment. The ISO/IEC 27000 series is built upon the Plan-Do-Check-Act (PDCA) cycle, a methodology aimed at continuous improvement.
IT security risk assessments like many risk assessments in IT, are not actually quantitative and do not represent risk in any actuarially-sound manner. Measuring risk quantitatively can have a significant impact on prioritizing risks and getting investment approval.
The Common Vulnerability Scoring System (CVSS) is a technical standard for assessing the severity of vulnerabilities in computing systems. Scores are calculated based on a formula with several metrics that approximate ease and impact of an exploit.
The 2011 Standard of Good Practice. The Standard of Good Practice for Information Security (SOGP), published by the Information Security Forum (ISF), is a business-focused, practical and comprehensive guide to identifying and managing information security risks in organizations and their supply chains.
The Risk Management Framework (RMF) is a United States federal government guideline, standard, and process for managing risk to help secure information systems (computers and networks). The RMF was developed by the National Institute of Standards and Technology (NIST), and provides a structured process that integrates information security ...
Information assurance (IA) is the practice of assuring information and managing risks related to the use, processing, storage, and transmission of information. Information assurance includes protection of the integrity, availability, authenticity, non-repudiation and confidentiality of user data. [1]
After appropriate asset identification and valuation have occurred, [2] risk management and mitigation of risks to those assets involves the analysis of the following issues: [5] [6] [8] Threats: Unwanted events that could cause the deliberate or accidental loss, damage, or misuse of information assets
The Certified Information Systems Auditor Review Manual 2006 by ISACA provides this definition of risk management: "Risk management is the process of identifying vulnerabilities and threats to the information resources used by an organization in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the ...