Apr 29 2025

ISO 27001:2022 Risk Management Steps

​The document “Step-by-Step Explanation of ISO 27001/ISO 27005 Risk Management” by Advisera Expert Solutions offers a comprehensive guide to implementing effective information security risk management in alignment with ISO 27001 and ISO 27005 standards. It aims to demystify the process, providing practical steps for organizations to identify, assess, and treat information security risks efficiently.​ Advisera

1. Introduction to Risk Management

Risk management is essential for organizations to maintain competitiveness and achieve objectives. It involves identifying, evaluating, and treating risks, particularly those related to information security. The document emphasizes that while risk management can be complex, it doesn’t have to be unnecessarily complicated. By adopting structured methodologies, organizations can manage risks effectively without excessive complexity.​

2. Six Basic Steps of ISO 27001 Risk Assessment and Treatment

The risk management process is broken down into six fundamental steps:​

  1. Risk Assessment Methodology: Establishing consistent rules for conducting risk assessments across the organization.
  2. Risk Assessment Implementation: Identifying potential problems, analyzing, and evaluating risks to determine which need treatment.
  3. Risk Treatment Implementation: Developing cost-effective strategies to mitigate identified risks.
  4. ISMS Risk Assessment Report: Documenting all activities undertaken during the risk assessment process.
  5. Statement of Applicability: Summarizing the results of risk treatment and serving as a key document for auditors.
  6. Risk Treatment Plan: Outlining the implementation of controls, including responsibilities, timelines, and budgets.​

Management approval is crucial for the Risk Treatment Plan to ensure the necessary resources and commitment for implementation.​

3. Crafting the Risk Assessment Methodology

Developing a clear risk assessment methodology is vital. This involves defining how risks will be identified, analyzed, and evaluated. The methodology should ensure consistency and objectivity, allowing for repeatable and comparable assessments. It should also align with the organization’s context, considering its specific needs and risk appetite.​

4. Identifying Risks: Assets, Threats, and Vulnerabilities

Effective risk identification requires understanding the organization’s assets, potential threats, and vulnerabilities. This step involves creating an inventory of information assets and analyzing how they could be compromised. By mapping threats and vulnerabilities to assets, organizations can pinpoint specific risks that need to be addressed.​

5. Assessing Consequences and Likelihood

Once risks are identified, assessing their potential impact and the likelihood of occurrence is essential. This evaluation helps prioritize risks based on their severity and probability, guiding the organization in focusing its resources on the most significant threats. Both qualitative and quantitative methods can be employed to assess risks effectively.​

6. Implementing Risk Treatment Strategies

After assessing risks, organizations must decide on appropriate treatment strategies. Options include avoiding, transferring, mitigating, or accepting risks. Selecting suitable controls from ISO 27001 Annex A and integrating them into the Risk Treatment Plan ensures that identified risks are managed appropriately. The plan should detail the implementation process, including responsible parties and timelines.​

7. Importance of Documentation and Continuous Improvement

Documentation plays a critical role in the risk management process. The ISMS Risk Assessment Report and Statement of Applicability provide evidence of the organization’s risk management activities and decisions. These documents are essential for audits and ongoing monitoring. Furthermore, risk management should be a continuous process, with regular reviews and updates to adapt to changing threats and organizational contexts.​

By following these structured steps, organizations can establish a robust risk management framework that aligns with ISO 27001 and ISO 27005 standards, enhancing their information security posture and resilience.

Information Security Risk Management for ISO 27001/ISO 27002

How to Continuously Enhance Your ISO 27001 ISMS (Clause 10 Explained)

Continual improvement doesn’t necessarily entail significant expenses. Many enhancements can be achieved through regular internal audits, management reviews, and staff engagement. By fostering a culture of continuous improvement, organizations can maintain an ISMS that effectively addresses current and emerging information security risks, ensuring resilience and compliance with ISO 27001 standards.

ISO 27001 Compliance and Certification

ISMS and ISO 27k training

Security Risk Assessment and ISO 27001 Gap Assessment

At DISC InfoSec, we streamline the entire process—guiding you confidently through complex frameworks such as ISO 27001, and SOC 2.

Here’s how we help:

  • Conduct gap assessments to identify compliance challenges and control maturity
  • Deliver straightforward, practical steps for remediation with assigned responsibility
  • Ensure ongoing guidance to support continued compliance with standard
  • Confirm your security posture through risk assessments and penetration testing

Let’s set up a quick call to explore how we can make your cybersecurity compliance process easier.

Feel free to get in touch if you have any questions about the ISO 27001 Internal audit or certification process.

Successfully completing your ISO 27001 audit confirms that your Information Security Management System (ISMS) meets the required standards and assures your customers of your commitment to security.

Get in touch with us to begin your ISO 27001 audit today.

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InfoSec services | InfoSec books | Follow our blog | DISC llc is listed on The vCISO Directory | ISO 27k Chat bot | Comprehensive vCISO Services | ISMS Services | Security Risk Assessment Services

Tags: iso 27001, iso 27005, Risk Assessment, Risk management


Oct 30 2024

A step-by-step guide to risk management following ISO 27001 and ISO 27005 standards

Category: ISO 27k,Risk Assessment,Security Risk Assessmentdisc7 @ 9:44 am

The ISO 27001 risk management guide provides a structured methodology for managing information security risks aligned with ISO standards. It first covers setting risk criteria, helping organizations define their risk appetite and identify high-priority assets and vulnerabilities. Risk assessment follows, where risks are quantified based on their likelihood and impact, allowing for prioritization.

The guide emphasizes the importance of treatment planning, advising on risk responses: avoidance, transfer, mitigation, or acceptance, with decisions documented for compliance. Documentation ensures transparency and traceability, forming a record of risk decisions.

A key component is regular review, where organizations reassess risks as threats change, supporting ISO 27001’s principle of continuous improvement. This cyclical approach helps keep the risk management framework adaptable and responsive to evolving security needs.

Additionally, the guide underscores the role of management, recommending their involvement in review and support of risk processes. Management buy-in ensures that security efforts align with strategic goals, encouraging organization-wide commitment.

In summary, the guide helps organizations maintain a robust, adaptive risk management system that meets ISO 27001 standards, enabling proactive risk control. For more detail, you can access the document here.

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Tags: guide to risk management, iso 27001, iso 27005


Mar 26 2012

IT Governance helps SMEs protect themselves from cybercrime

Category: ISO 27kDISC @ 1:45 pm

Check out the ITG site for details

IT Governance Ltd, the global provider of cyber security management solutions, has announced a value-add offer in March. Organisations that buy the No3 ISO27001 Comprehensive Toolkit before the end of March will receive the Cybersecurity Self Assessment Tool free, making double savings on resource and time.

The No3 ISO27001 Comprehensive Toolkit contains highly practical books, document templates and risk assessment tool, also providing a 100% return on investment. It helps organisations tackle cybersecurity issues quickly and efficiently, whilst considerably improving their cybersecurity defences.

The recent Symantec Threat Awareness Survey uncovered that over 50% of the 1,900 SME’s interviewed, thought that they were immune to cybercrime because they were too small.

However, Symantec’s report found that since 2010 40% of all attacks were on SME’s. Ross Walker, Symantec director of small business for Symantec UK, commented “hackers are going after ‘low hanging fruits’ these are the companies who are less security aware and do not have the proper defences in place”.

Alan Calder, CEO of IT Governance, says “The best way to build robust and effective cyber defences is by implementing ISO27001, the world’s cybersecurity standard. An ISO27001-compliant Information Security Management System (ISMS) promotes customer confidence, helps vendors win new business and improves organisational efficiency”.

The easiest way to implement an ISO27001-compliant ISMS, especially for SMEs, is with the No 3 Comprehensive ISMS ISO27001 Toolkit. It provides organisations with all the tools they will need for the implementation of an information security management system (ISMS).

The No 3 Comprehensive ISMS ISO27001 Toolkit includes copies of the three key standards (ISO27001, ISO27002 and ISO27005), the Risk Assessment Tool (vsRisk™), the Documentation Template Toolkit and manuals that describe in practical detail how each aspect of the ISMS should be tackled.

One user of the Toolkit said: “Using the templates was the only way that we could deliver a first edition ISMS in under six months. Our deliverable was a work in progress, but miles ahead of where they would have been without the templates”.

Organisations that buy the No 3 Comprehensive ISMS ISO27001 Toolkit before the end of March will receive the Cybersecurity Self Assessment Tool free. It enables any organisation to quickly assess and demonstrate which areas of the organisation are up to scratch and where more attention is required.

Organisations can purchase the ISO27001 Comprehensive Toolkit here!




Tags: Information Security Management System, isms, iso 27001, iso 27002, ISO 27004, iso 27005, iso 27006, iso27003


Dec 20 2011

ISO/IEC 27001 – BSI interviews Henk de Vries

Category: ISO 27kDISC @ 9:59 am

BSI and Rotterdam school of management, Erasmus university conducted a research study about ISO/IEC 27001 Information technology. Security techniques. BSI interviewed Henk de Vries who is one of the experts behind the study.

ISO27001 (ISO 27001) ISMS Requirements (Download now)

ISO27002 (ISO 27002) Code of Practice for ISM (Download now)

To Download a copy of ISO27003 – Implementation Guidance

To Download a copy of ISO27004 – Information Security Metrics

ISO27005 (ISO 27005)ISRM Standard (Download now)

ISO/IEC 27006 ISMS certification guide (Download now)




Tags: iso 27001, iso 27002, iso 27003, ISO 27004, iso 27005, iso 27006


Jan 13 2011

Meet Stringent California Information Security Legislation with Comprehensive Toolkit

Category: ISO 27kDISC @ 4:06 pm

Three years ago, California state IT council adopted the information security program guide which help organizations to comply with SB 1386. The council advised the use of information security standard ISO 27002 framework to comply and meet the needs of SB 1386.

This legislation deals with the security of personal information and is applicable to all organisations (state and government agencies, non-profit, companies of all sizes, regardless of geographic location) holding personal data on any person living in California. SB-1386 requires such information holders to disclose any unauthorised access of computerised data files containing personal information.

In response, IT Governance’s comprehensive ‘SB-1386 & ISO27002 Implementation Toolkit’ is specifically designed by experts in data compliance legislation to guide organisations on how to conform to SB-1386. The toolkit conforms to ISO27002 and, if desired, also helps organisations prepare for any external certification process (ISO 27001) that would demonstrate conformance with such a standard. The State of California has itself formally adopted ISO/IEC 27002 as its standard for information security and recommended that organisations use this standard as guidance in their efforts to comply with California law.


Which businesses are affected by SB 1386 law?
o If you have a business in California
o Outsourcing company who does business with a company in California or have customers in California
o Data centers outside of California which store information of California residents

sb1386

Toolkits are designed to help organizations who need to comply with a law like SB 1386. SB 1386 and ISO 27002 implementation toolkit assist ISO 27002 compliance. Also help organizations who are interested in certification to lay in the ground work for (ISO 27001) certification that would demonstrate the conformance with world class information security management systems.


The Comprehensive SB1386 Implementation toolkit comprises of:
1. The SB 1386 Documentation Toolkit: a download with nearly 400 of densely packed pages of fit-for-purpose policies and procedures ensuring full compliance with SB 1386.
2. International IT Governance: An Executive Guide to ISO 17799/ISO 27001 (Soft Cover) This is the US version of the long established world leading manual on designing and implementing an Information Security Management System (ISMS) in line with the best practice guidance of ISO27001/ISO17799.
3. vsRisk™- the Definitive ISO 27001: 2005-Compliant Information Security Risk Assessment Tool which in summary:
o automates and delivers an ISO/IEC 27001-compliant risk assessment
o Uniquely, can assess confidentiality, integrity & availability for each of business, legal and contractual aspects of information assets – as required by ISO 27001
o Comprehensive best-practice alignment
o Supports ISO 27001
o Supports ISO 27002 (ISO/IEC 17799)
o Conforms to ISO/IEC 27005
o Conforms to NIST SP 800-30
o The wizard-based approach simplifies and accelerates the risk assessment process;
o Integrated, regularly updated, BS7799-3 compliant threat and vulnerability databases.
4. Plus an electronic copy of the Information Security Standard ISO/IEC 27002: (formerly ISO 17799).

Buy The SB-1386 & ISO27002 Implementation Toolkit NOW!

ISO assessment is a great first step towards ISO 27002 compliance and toward the final goal of ISO 27001 certification.

vsRisk and security risk assessment

ISO 27002 Framework for Today’s Security Challenges
httpv://www.youtube.com/watch?v=yRFMfiLbNj8




Tags: iso 27001, iso 27001 certification, iso 27002, iso 27005, ISO 27k, iso assessment, iso compliance, sb 1386


Feb 12 2009

SB1386 and ISO27002

Category: ISO 27kDISC @ 7:08 pm

In April 20007, California state IT council adopted the information security program guide which help organizations to comply with SB 1386. The council advised the use of information security standard ISO 27002 framework to comply and meet the needs of SB 1386.

[Table = 13]

Which businesses are affected by SB 1386 law?
o If you have a business in California
o Outsourcing company who does business with a company in California or have customers in California
o Data centers outside of California which store information of California residents

sb1386

Toolkits are designed to help organizations who need to comply with a law like SB 1386. SB 1386 and ISO 27002 implementation toolkit assist ISO 27002 compliance. Also help organizations who are interested in certification to lay in the ground work for (ISO 27001) certification that would demonstrate the conformance with world class information security management systems.


The Comprehensive SB1386 Implementation toolkit comprises of:
1. The SB 1386 Documentation Toolkit: a download with nearly 400 of densely packed pages of fit-for-purpose policies and procedures ensuring full compliance with SB 1386.
2. International IT Governance: An Executive Guide to ISO 17799/ISO 27001 (Soft Cover) This is the US version of the long established world leading manual on designing and implementing an Information Security Management System (ISMS) in line with the best practice guidance of ISO27001/ISO17799.
3. vsRisk™- the Definitive ISO 27001: 2005-Compliant Information Security Risk Assessment Tool which in summary:
o automates and delivers an ISO/IEC 27001-compliant risk assessment
o Uniquely, can assess confidentiality, integrity & availability for each of business, legal and contractual aspects of information assets – as required by ISO 27001
o Comprehensive best-practice alignment
o Supports ISO 27001
o Supports ISO 27002 (ISO/IEC 17799)
o Conforms to ISO/IEC 27005
o Conforms to NIST SP 800-30
o The wizard-based approach simplifies and accelerates the risk assessment process;
o Integrated, regularly updated, BS7799-3 compliant threat and vulnerability databases.
4. Plus an electronic copy of the Information Security Standard ISO/IEC 27002: (formerly ISO 17799).

Buy The SB-1386 & ISO27002 Implementation Toolkit NOW!

ISO assessment is a great first step towards ISO 27002 compliance and toward the final goal of ISO 27001 certification audit or for that matter any compliance audit.

ISO 27002 Framework for Today’s Security Challenges
httpv://www.youtube.com/watch?v=yRFMfiLbNj8

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Tags: Information Security, Information Security Management System, International Organization for Standardization, iso 27001, iso 27002, iso 27005, iso assessment, National Institute of Standards and Technology, sb 1386


Oct 07 2008

vsRisk and security risk assessment

Category: ISO 27k,Security Risk AssessmentDISC @ 3:18 pm

Information Security Risk Management for ISO27001 / ISO27002

The State of California has adopted ISO/IEC 27002 as its standard for information security and recommends other organizations and vendors to use this standard as guidance in their efforts to comply with California law.

To achieve an ongoing compliance, major organizations require tools to comply with standard such as ISO 27002/ISO27001. vsRisk is an easy to use Information Security Risk Assessment tool which makes risk assessment process consistent, easier and produces required documentation to achieve ISO 27001 certification . vsRisk also aligns seamlessly with standards like ISO 27002, ISO 27005 and NIST SP 800-30.

vsRisk helps organizations to develop an Information Security Management System (ISMS) asset inventory and capture business, legal and contractual requirements against each asset. vsRisk is customizable to meet specific needs when introducing new risks, vulnerabilities and controls without any additional help from a consultant. vsRisk helps you focus on assets rather than on threats and vulnerabilities. This is an approach which works by treating business processes as an asset, which is examined for their criticality, lack of security and consequences of failed process can be examined. In this regards, vsRisk is an effective and efficient tool by identifying most important points and key issues right away, which focusing on threats doesn’t.

Major benefits of vsRisk tool:
1. It is the definitive ISO27001 risk assessment tool, compliant
with all the key information security standards – which means that
you can be certain that a vsRisk risk assessment will help you
achieve ISO27001 certification.
2. It is designed to be usable – your lead risk assessor and any
asset owners involved in your risk assessment are going to find
their task made easier
3. Unique features include the risk assessment wizard, which
standardizes the risk assessment process and guides asset owners
through the risk assessment process.
4. vsRisk creates a baseline from which future risk assessments can
easily be made.
5. vsRisk integrates with ISMS documentation toolkit, for even
greater usability.

“vsRisk™- the Definitive ISO 27001: 2005-Compliant Information Security Risk Assessment Tool, which automates and delivers an ISO/IEC 27001-compliant risk assessment and can assess confidentiality, integrity and availability for each of business, legal and contractual aspects of information assets – as required by ISO 27001. Providing a comprehensive best-practice alignment, it supports ISO 27001 and 27002 (ISO/IEC 17799) disciplines, and is ISO/IEC 27005 and NIST SP 800-30 compliant. It also offers a wizard-based approach that simplifies and accelerates the risk assessment process, plus integrates and regularly updates BS7799-3 compliant threat and vulnerability databases.”

The key to successful Risk Management is to protect your most important/critical assets. The importance/criticality of an asset might change over time. That is another reason to automate security risk assessment process to recalibrate your risks based on current state of security.

Risk Management to ISO27001/NIST Wizard-based risk assessment tool Simplifies compliance – To buy vsRisk tool!

Meet Stringent California Information Security Legislation with Comprehensive Toolkit

ISO27001 EXPERTS CAN HELP COMPANIES MEET STRINGENT CALIFORNIAN …
EIN News (press release) – Netherlands
vsRisk™- the Definitive ISO 27001: 2005-Compliant Information Security Risk Assessment Tool, which automates and delivers an ISO/IEC 27001-compliant risk …




Tags: asset owner, automate security risk assessment, baseline, california, isms, iso 17799, iso 27001, iso 27001 certification, iso 27002, iso 27005, nist sp 80-30, sb 1386, vsrisk