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ISO/IEC 27005 "Information technology — Security techniques — Information security risk management" is an international standard published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) providing good practice guidance on managing risks to information. [1]
ISO/IEC 27005 — Guidance on managing information security risks [10]: guidance on identifying, analysing, evaluating and treating risks to the security of information.
The first step in the ISO/IEC 27005 framework is context establishment. This step involves gathering relevant information about the organization and defining the criteria, scope, and boundaries of the risk management activities.
For organizations focused on risk management, ISO/IEC 27005 offers a dedicated framework for identifying, assessing, and treating information security risks. It complements ISO/IEC 27001 by providing a methodology specifically tailored to managing information security vulnerabilities.
The ISO/IEC 27001 certification, like other ISO management system certifications, usually involves a three-stage external audit process defined by ISO/IEC 17021 [7] and ISO/IEC 27006 [8] standards: Stage 1 is a preliminary review of the ISMS. It includes checks for the existence and completeness of key documentation, such as the organization's ...
It is designed to align with and support information security risk management according to ISO/IEC 27005, particularly in the context of an ISO/IEC 27001-compliant Information Security Management System (ISMS) or a similar overarching security management or governance framework.
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