ISRM – Information Security Risk Management
Information security risk management is an ongoing process of identifying, assessing, and responding to security risks to the confidentiality, integrity and availability of information assets. The real objectives in managing risk effectively should not be completely eliminating all risk, but rather, mapping out, classifying and achieving a suitable risk level in the organization.
The assessment stage is the process of integrating the information collected during the identification of assets, threats, and controls in order to identify and define the risks to which the organization is exposed.
The risk management process must be carried out in full transparency with the organization in order to understand the risks and make decisions that will depend on a full understanding of risk treatment in comparison to the costs of potential damage.
Rinse and Repeat
The risk management process is a long process that requires commitment and perseverance. An effective work plan should be created to deal with the risks and apply the controls effectively, which will drive continuous improvement over time