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Pre-selected threats and vulnerabilities (risks), applied to each asset group.A library of assets, pre-assigned to organisational roles that typically manage those assets.With vsRisk, you can copy, edit and replicate a built-in risk assessment template, populated with the following: With vsRisk, all of this has already been done for you. With a template, there is no need to compile extensive lists of assets, no need to try and find a library of threats and vulnerabilities (or risks), no need to wonder which threats could affect which assets, and no need to try and think which controls would apply to which risks. The easiest way to get this done is with risk assessment template. There are, of course, a number of other things that need to be considered throughout the process, such as what the organisation’s risk appetite is, what kind of risk assessment criteria to use, in addition to what risk calculation formula and additional sets of controls to apply.
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The organisation may choose to treat, tolerate, transfer or terminate the risk, based on the company’s risk appetite and the total estimation of the risk. Once this part of the risk assessment has been completed, the next critical element is to identify and select the relevant controls from Annex A of ISO 27001:2013 (or elsewhere), to ensure that each of the risks has been treated effectively.
- Estimate the damage that such threats could bring about.
- Establish the likelihood and impact of such risks coming to pass.
- Assess the vulnerabilities in the organisation that could compound those threats.
- Consider the threats that could compromise those assets.
- Identify the various information assets that could be jeopardised.
- In order to tackle the risks to your organisation’s information assets, the assessor will usually need to take the following broad steps:
One of the cornerstones of implementing an ISO 27001-compliant ISMS (information security management system) is conducting an effective information security risk assessment.