Template: SOP Information Security Risk Assessment

ISO 27001:2023 Section	Document Section
6.1.1 Actions to address risks and opportunities – General	1., 2., 3.
6.1.2 Information security risk assessment	2.
6.1.3 Information security risk treatment	3.

Overview

This document outlines the methodology for identifying and managing information security risks within the Information Security Management System (ISMS) at \. It details the procedures for risk identification, assessment, evaluation, and treatment to ensure effective management of information security risks.

The goal of the Information Security Risk Assessment Process is to identify, assess, and control potential threats to the confidentiality, integrity, and availability of \‘s information assets. This process is essential for maintaining strong security practices and meeting the requirements set by ISO/IEC 27001:2023.

This document will be reviewed annually or following significant changes in the ISMS or risk environment. All updates must receive approval from the Information Security Officer (ISO) and be shared with relevant stakeholders.

Process Steps

1. Risk Identification

The organization will:

• Identify risks related to the loss of confidentiality, integrity, and availability of information within the ISMS scope.
• Document potential security threats and vulnerabilities that may impact the organization’s information assets.

Participants
Management
ISO
Employees

Input	Output
	Identified risks
	Identified security threats
	Identified vulnerabilities

2. Risk Analysis

• Assess the likelihood and potential impact of each identified risk on the organization.
• Apply both qualitative and quantitative approaches to evaluate risk severity using established criteria.

Participants
ISO

Input	Output
Identified risks	Information Security Risk Analysis Plan
Identified security threats
Identified vulnerabilities

3. Risk Assessment

• Rank risks based on their likelihood and potential impact.
• Identify risks that are deemed acceptable and those that require further mitigation or treatment, considering the organization’s risk tolerance.
• Choose appropriate risk treatment strategies, including risk avoidance, transfer, acceptance, or mitigation.
• Select security controls from Annex A of ISO/IEC 27001:2023 or other applicable sources.

Participants
Management
ISO

Input	Output
Information Security Risk Analysis Plan	Information Security Risk Table
	Information Security Risk Analysis Report

4. Monitoring and Review

• Continuously monitor and assess the effectiveness of risk treatment strategies and controls.
• Update the Risk Plan, Risk Table, and Risk Report as needed.

Participants
ISO

Input	Output
Monitoring data
Information Security Risk Analysis Plan	Updated Information Security Risk Analysis Plan
Information Security Risk Table	Updated Information Security Risk Table
Information Security Risk Analysis Report	Updated Information Security Risk Analysis Report

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