ISO/IEC 27005:2022 represents an international standard that provides thorough guidelines concerning the administration of information security risks. It is intended for implementation within an Information Security Management System (ISMS) as defined in ISO/IEC 27001.
What it covers:
- A systematic framework for the identification, evaluation, mitigation, and surveillance of information security risks.
- Provision for the utilization of both asset-oriented and incident-oriented risk identification methodologies.
- Focus on risk scenarios, which are detailed narratives of possible occurrences that could precipitate adverse consequences.
- Direction on the recording, observation, and evaluation of the risk management procedure to foster continuous enhancement.
ISO 27005 helps organizations make informed decisions about protecting their information assets, and aligns closely with ISO/IEC 27001 and ISO 311000 (general risk management).
