Risk Assessment Methodology
What is Risk Assessment Methodology?
The defined approach and procedures used to identify, analyze, and evaluate risks in a consistent and repeatable manner.
Terms that appear alongside risk assessment methodology
Each of these is named in at least one of the same controls as risk assessment methodology. The number is how many controls name both.
- risk assessment 9 shared controls
- audit 6 shared controls
- governance 4 shared controls
- nist 4 shared controls
- compliance 4 shared controls
- risk register 4 shared controls
- risk treatment 3 shared controls
- transparency 3 shared controls
Frameworks that govern risk assessment methodology
What the standards actually require on risk assessment methodology
Requirements naming risk assessment methodology across 6 standards, quoted from the control text.
The department defines the methodology by which IT security threats and risks are assessed across the organisation, so that the departmental threat assessment and every IT project's threat and risk assessment activities use the same method.
canada-itsg-33-it-security-risk-management::A1-4.2.4 · 4.2.4 Define the departmental IT security threat and risk assessment methodology →Adopt a risk assessment methodology that considers likelihood, vulnerability, and consequence including safety, environmental, financial, and reputational impacts specific to OT.
OT-RM-1 · OT Risk Assessment Methodology →The information security program includes a risk assessment methodology that evaluates the risks of high-risk activities such as funds transfer, uses periodic reviews of those activities to set standards for separation of duties, physical security and least-pr...
ffiec-it-examination-handbook::WPS-13 · Information Security (Wholesale Payment Systems) →Section 6 of Kentucky CDPA establishes the Data Protection Assessment (DPA) requirement for high-risk processing activities. (1) Section 6 DPA Required Activities (4 Categories): (a) Processing personal data for targeted advertising;
KY-CDPA-Data-Protection-Assessment-DPA-Targeted-Advertising-Sale-Sensitive-Profiling-Substantial-Risk · Kentucky CDPA Data Protection Assessment (DPA) + Section 6 + Targeted Advertising + Sale + Sensitive Data + Profiling Substantial Injury + Maintained Records + Attorney General Access + 4 Categories Requiring DPA + Risk-Benefit Analysis →Section 8 of KOSA mandates annual independent audits of covered platforms by qualified third-party auditors. (1) Section 8(a) Annual Independent Audit: (a) Covered platform must commission annual third-party audit;
KOSA-Independent-Audit-Section8-Annual-Third-Party-FTC-Approved-Auditor-Compliance-Verification-Public-Summary · KOSA Independent Audit + Section 8 + Annual + Third-Party + FTC-Approved Auditor + Compliance Verification + Public Summary + Multi-Layer Audit + Risk Assessment Verification + Safeguard Effectiveness + Algorithmic System Audit →Implement the HIPAA Security Rule Security Management Process Administrative Safeguard at 45 CFR 164.308(a)(1) per NIST SP 800-66 Rev 2.
NISTSP66-1 · Security Management Process: Risk Analysis and Risk Management for ePHI →Questions people ask about risk assessment methodology
What is Risk Assessment Methodology?
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See how Risk Assessment Methodology applies across compliance frameworks
Our platform maps 1,016 frameworks with 316K cross-framework control mappings. Explore how this concept is addressed across standards.