You’ll need a risk management strategy that fits with ISO 27001 as they require specific standards to be met. One thing that we all know for sure is that whatever risk assessment you use for managing risk, make sure it’s up to international standards. Make sure the methodology you use has a statement of applicability from the ISO 27001 2013 to evaluate risks. It’s very important since you want to reduce the risk owners have.
Asset-Based Risk Assessment
You’ll need to keep a register of all the assets that the organization has. The list of information assets should include the asset owner, and this can be the company’s name or simply the owner of the company. After most of the administrative tasks are done, you can finally start with your risk assessment by identifying what assets might be at risk of a threat like theft or any other possible threats you can think of. You’ll have to be thorough as this is the most important part of an asset-based risk assessment. You might have to do extra research to ascertain whether there are any cyber-security threats, since technology has created innovative cybercriminals over the last couple of decades.
Event-Based Risk Management
Event-based risk management is the same as a risk treatment plan, as it looks at your information security risks and, when there’s a breach, it deals with it. Information could be valuable, and with the right confidential information in hand, cybercriminals can do a lot of things. That is why there should be an information security management system in place. These breaches can even take place on your mobile devices. You’ll have to identify risks based on security events. This is pertinent if you want to comply with ISO 27001. You’ll also have to react swiftly to any security failure and rectify it so that it’ll never happen again. Having some policies in place can help keep your information safe.
Threat Risk Assessment
A threat risk assessment is mainly for the IT department since you’ll have to identify possible leaks in your IT system and eliminate those loopholes. Possible security breaches will be more predictable in this way and you can thereby take preventative action so that your assets will stay safe and secured. This approach seems to be better since it’s proactive, whereas, many other approaches deal with the breaches as they come, and then it might already be too late. That’s why it’s best to avoid the risk altogether.
The best risk assessment methodology will depend on each organization since every organization is unique. Just make sure that it meets all the applicable risk acceptance criteria that ISO 27001 requires. Certain companies’ will share the risks with others, making it a decision for both owners. All of the above-mentioned risk assessment methodologies are good in their way. However, what stays blatantly important would be the risk assessment, this is so that you can make sure that you didn’t overlook any threats. A mistake like that could be detrimental to your company’s safety. Keeping track of your risk assessment reports will help you in identifying the risks, threats, and vulnerabilities.
ISO 27001 Certification
ISO 27001:2013 Information Security Management System
ISO 27001 is an internationally recognised Information Security Management System (ISMS) standard designed to give your organisation a framework that protects your information assets, customers, and ensures business continuity in a landscape filled with information security threats.
ISO IEC 27001:2013 Information Security Management standard (ISMS), when implemented, is a strategic activity that preserves the confidentiality, integrity and availability of information by applying risk management processes to adequately manage threats. The broad scope of the ISMS ensures that all aspects of your information technology operations are taken into consideration in your certification audits to address information security risks- big and small.
Best Practice is JAS-ANZ accredited certification body that is passionate about providing ISO Certification to your organisation in this information security standard.