ISO RISK MANAGEMENT

Risk Management process focuses on providing the business with an understanding of risks to allow effective decision-making to be applied to control the risks. It is an ongoing activity that aims for continuous improvements in efficiency and effectiveness of the organization’s ISMS.

Types Of Risk      

1. Risks
2. pure Risks
3. Speculative Risks
4. Static Risks
5. Dynamic Risks

The risk management process should be applied to the whole ISMS as specified in OSO/IEC 27001:2005. The process needs to be applied at the planning and design stages of operational deployment, monitoring and review of the risks, and the updating and improvement stages to ensure that any information security risks are always being appropriately managed.

About ISO 27001 Standard is an Information Security Management System. This ISMS standard has specific requirements for managing the information security within the context of the organization. The organization implementing ISMS shall consider internal and external issue related to information security and expectation of interested party. Establish the information security policy, identify the potential Risk related to information security, establish the acceptance criteria and carry out the Risk analysis, plan for information security Risk treatments, establish the operational control related to information security, carry out ISMS performance evaluation (Internal Audit and Management review meeting ) and plan for further continual improvement of ISMS.

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