To properly understand information security risk assessments, you must first understand their purpose.
Risk assessments are designed to provide an accurate snapshot of the threats facing an organization’s information security at a given point in time. Their results are used to identify and implement measures to treat the identified risks in order of priority and address any gaps that may have been exposed.
The assessment and management of information security risks is at the core of ISO 27001, the international standard that describes best practice for an ISMS (information security management system).
It is important to frequently monitor and review your risk environment to detect and address any emerging threats. Failure to conduct accurate risk assessments could result in your organization overlooking, underestimating, or neglecting risks that could have a lasting negative effect. Read these blogs for more information on how to conduct an effective risk assessment, and threats to include in your ISO 2001 risk assessment.
It is difficult to try and account for every eventuality and situation that your organization may face, but you can save time, effort, and expense with our quick and easy risk assessment tool, vsRisk.
vsRisk is an information security risk assessment software tool created by industry-leading ISO 27001 experts. Fully aligned with ISO 27001, it helps you deliver fast, accurate, and hassle-free risk assessments. It enables you to automate your risk assessments, saving 80% of your time and cutting consultancy costs.
As part of the fast setup process within vsRisk, you are able to set your risk acceptance criteria and adjust the scales that measure the likelihood and impact of individual risks. For ease of use and customization, it comes pre-populated with likelihood/impact options that you may have previously overlooked or not considered.