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ISO 31000 is a set of international standards for risk management.It was developed in November 2009 by International Organization for Standardization. [1] The goal of these standards is to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.
ISO 31000 is an International Standard for Risk Management which was published on 13 November 2009, and updated in 2018. An accompanying standard, ISO 31010 - Risk Assessment Techniques, soon followed publication (December 1, 2009) together with the updated Risk Management vocabulary ISO Guide 73.
ISO/IEC 27554 — Application of ISO 31000 for assessment of identity-related risk. ISO/IEC 27555 — Guidelines on personally identifiable information deletion. ISO/IEC 27556 — User-centric privacy preferences management framework. ISO/IEC 27557 — Application of ISO 31000:2018 for organizational privacy risk management [16].
In the field of international standards, ISO 31030:2021 addresses good practice in travel risk management. [ 63 ] The Global Business Travel Association's education and research arm, the GBTA Foundation. found in 2015 that most businesses covered by their research employed travel risk management protocols aimed at ensuring the safety and well ...
ISO 31000:2018 Risk management – Principles and guidelines; ISO/TR 31004:2013 Risk management – Guidance for the implementation of ISO 31000; ISO/IEC 31010:2009 Risk management – Risk assessment techniques; ISO 31030:2021 Travel risk management — Guidance for organizations; ISO/IEC/IEEE 31320 Information technology – Modeling Languages
Therefore, it has a bias towards risks that could have a negative impact instead of the risks of missing opportunities. See ISO 31000. While COSO states that its expanded model provides more risk management, companies are not required to change to the new model if they are using the Integrated Internal Control Framework.