ISO® /IEC 27005:2022 Information Security, Cyber Security, and Privacy Protection

Identification: Techniques for identifying risks and their sources

Analysis: Methods for analyzing the nature and level of risks

Evaluation: Criteria for evaluating risks against organizational objectives

Treatment: Strategies for treating and mitigating identified risks

Understanding the internal and external factors that influence risk management

Assessing organizational objectives and external influences (social, legal, financial, and technological)

Establishing a context for effective risk assessment and treatment

Techniques for assessing and quantifying risks to organizational objectives

Frameworks for performing risk analysis and evaluation

Utilizing risk scenarios to understand potential impacts and consequences

Developing and implementing effective risk treatment strategies

Options for risk treatment, including avoidance, transfer, acceptance, and reduction

Planning and executing risk treatment plans and controls

Continuous improvement processes for maintaining an effective risk management framework

Techniques for monitoring risks and the effectiveness of treatment measures

Conducting regular reviews and updates of risk assessments and treatment strategies