Why Carry Out A Cyber Security Risk Assessment?
Risk assessment – the process of identifying, analyzing, and evaluating risk – is the only way to ensure that the cybersecurity controls you choose are appropriate to the risks your organization faces. Risk Assessment helps your organization understand risks that could cause significant damages to your organization.
What Does A Kairos Vision Consult Cyber Security Risk Assessment Include?
A KVC Cyber Security Risk Assessment identifies the various information assets that could be affected by a cyber-attack (such as hardware, systems, laptops, customer data, and intellectual property), and identifies the various risks that could affect those assets.
Kairos Vision Consult performs risk assessment, estimation, and evaluation, followed by the selection of controls to treat the identified risks. It is important to continually monitor and review the risk environment to detect any changes in the context of the organization, and to maintain an overview of the complete risk management process.
ISO 27001 And Cyber Risks
The international standard ISO/IEC 27001:2013 (ISO 27001) provides specifications of best-practice ISMS (information security management system) – a risk-based approach to corporate information security risk management that addresses people, processes, and technology. Clause 6.1.2 of the standard sets out the requirements of the information security risk assessment process.
- Establish and maintain certain information security risk criteria.
- Ensure that repeated risk assessments “produce consistent, valid and comparable results”.
- Identify “risks associated with the loss of confidentiality, integrity, and availability for information within the scope of the information security management system”, and identify the owners of those risks.
- Analyze and evaluate information security risks, according to the criteria established earlier.
By this standard, organizations are required to document and retain information about the information security risk assessment process. This helps to demonstrate that they are in compliance with the ISO requirements.