System Guides

ISO 27001 - Clause 6.1.2, 6.1.3 – ISMS Risk assessment and risk treatment process

Clause 6.1.2 and 6.1.3 of the ISO 27001 standard address the risk assessment and risk treatment process within an Information Security Management System (ISMS). These clauses provide guidelines for identifying, assessing, and managing information security risks in a systematic and organized manner.

6.1.2 - Risk Assessment Process

1. Risk Identification

Identify Assets: Identify all information assets and resources that need protection.

Identify Threats: Identify potential threats and vulnerabilities that could exploit the identified assets.

2. Risk Assessment

Evaluate Impact: Assess the potential impact of threats exploiting vulnerabilities on information assets.

Determine Likelihood: Determine the likelihood of each threat exploiting vulnerabilities.

Calculate Risk: Calculate the risk level (likelihood x impact) for each identified risk.

3. Risk Evaluation

Risk Ranking: Rank risks based on their calculated risk levels, prioritizing higher risks.

4. Risk Treatment Decision

Accept: If the risk is within acceptable levels, it might be accepted without further treatment.

Treat: If the risk exceeds acceptable levels, decide on appropriate risk treatment strategies.

6.1.3 - Risk Treatment Process

1. Risk Treatment Planning

Identify Controls: Select controls to mitigate identified risks based on recognized standards and best practices.

Allocate Resources: Allocate resources, including budget and personnel, for the implementation of selected controls.

2. Risk Treatment Implementation

Implement Controls: Implement selected controls to mitigate or eliminate identified risks.

Monitor Progress: Regularly monitor the progress of control implementation.

3. Risk Treatment Verification

Assess Effectiveness: Assess the effectiveness of implemented controls in reducing or eliminating identified risks.

4. Risk Treatment Review

Review Effectiveness: Periodically review the effectiveness of risk treatment measures.

Continuous Improvement: Enhance controls and risk treatment strategies based on reviews and lessons learned.

Benefits of Risk Assessment and Risk Treatment

• Proactive Security: Identifying and addressing risks proactively reduces the likelihood of security incidents.
• Resource Optimization: Efficiently allocate resources to areas with the highest security risks.
• Regulatory Compliance: Ensure compliance with security regulations and legal requirements.
• Business Continuity: Mitigate risks that could impact business operations and continuity.
• Reputation Protection: Address risks to protect the organization's reputation and customer trust.

Conclusion

Clauses 6.1.2 and 6.1.3 of ISO 27001 emphasize the significance of a structured risk assessment and risk treatment process in maintaining an effective Information Security Management System. By systematically identifying, assessing, and treating information security risks, organizations can better protect their valuable assets and sensitive information. This process allows organizations to allocate resources efficiently, prioritize security efforts, and ensure a resilient and secure information environment in the face of evolving threats and vulnerabilities.

The Security Control Statement feature in AMSS allows you to prepare and complete the statement of applicability based on ISO 27001:2022 Annex-A. This statement is a crucial component of your information security management system, outlining the applicability, justification, implementation method, responsibility, and implementation status of each security control. AMSS simplifies the process of preparing the Security Control Statement by pre-configuring the controls and providing guidance on their applicability and implementation. Click the action button to save and finalize the statement for each particular control. Repeat the process for other controls listed in the Annex-A to complete the entire statement

To complete the Security Control Statement, follow these steps:

1. Security Control: Each control is categorized based on its nature. In this case, we have selected "A.5.35 Independent review of information security" as the security control.

2. SOA ID: The SOA ID is a unique identifier assigned to each control.

3. Review Date: Specify the date when the review of this security control will take place.

4. Applicability: Evaluate the applicability of the control to your organization. Provide a brief description of how it relates to your business operations and information security needs.

5. Justification: Justify why this control is applicable to your organization. Explain the reasons behind its inclusion/ exclusion and how it addresses your information security requirements.

6. Implementation Method: Describe the method or approach you will use to implement this control. Outline the steps, processes, or tools that will be utilized to ensure its effective implementation.

7. Responsibility: Assign the responsibility for implementing and maintaining this control. Specify the individual or department accountable for its execution and ongoing management.

8. Implementation Status: Indicate the current status of the control's implementation. This helps track progress and identify areas that require attention or improvement.

9. Attachment: If necessary, attach any relevant files or documentation related to this control. This can include policies, procedures, or supporting materials.

By providing accurate and comprehensive information for each field, you ensure a complete and well-documented Security Control Statement that aligns with ISO 27001:2022 requirements. This ensures compliance with ISO standards and facilitates effective information security management within your organization.