What is an ISO 27001 risk assessment?
An ISO 27001 risk assessment intends to help an organization identify, analyze, and evaluate weaknesses in its information security processes and procedures.
A successful risk assessment process will help organizations:
- Identify and understand specific scenarios in which information, systems, or services could be compromised or affected
- Determine the likelihood or probable frequency with which these scenarios could occur
- Evaluate the impact each scenario could cause to the confidentiality, integrity, or availability of the information, systems, and services
- Rank risk scenarios based on overall risk to the organization’s objectives
To ensure an effective risk assessment, an organization will need to establish a risk management framework. This framework should be documented as a policy or procedure to ensure a consistent methodology when analyzing, communicating, and treating risks.