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Likelihood Assessment

What is Likelihood Assessment?

The evaluation of the probability that a specific threat will exploit a vulnerability, resulting in an adverse event.

Risk Management

What the standards actually require on likelihood assessment

Requirements naming likelihood assessment across 2 standards, quoted from the control text.

API 11641 control

The plan must require that risk determination incorporates a documented impact assessment and likelihood assessment process, uses consistent criteria for rating risks, incorporates the results of physical security and health, safety and environment assessments...

api-1164::ID.RA-5 · ID.RA-5 Risk determination from documented impact and likelihood, physical security and HSE assessments, with stakeholders consulted on change →

The organisation identifies what its relevant interested parties fundamentally require, together with the organisation's current compliance with them, including every reference document that sets security rules and controls applying within the assessment's sco...

iso-27005-2022::6.2 · Identifying basic requirements of interested parties →

Questions people ask about likelihood assessment

What is Likelihood Assessment?
The evaluation of the probability that a specific threat will exploit a vulnerability, resulting in an adverse event.
Why is Likelihood Assessment important for compliance?
Likelihood Assessment is a key concept in Risk Management. Understanding likelihood assessment helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 1,016 frameworks with 316K cross-framework control mappings.
Which compliance frameworks address Likelihood Assessment?
Likelihood Assessment appears in the requirement text of API 1164, ISO 27005:2022. Across these standards we have identified 2 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Likelihood Assessment?
Explore our compliance framework pages to see how likelihood assessment applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 1,016 frameworks.

See how Likelihood Assessment applies across compliance frameworks

Our platform maps 1,016 frameworks with 316K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.