Risk Criteria
What is Risk Criteria?
The benchmarks and thresholds used by an organization to evaluate the significance of identified risks and determine appropriate responses.
Terms that appear alongside risk criteria
Each of these is named in at least one of the same controls as risk criteria. The number is how many controls name both.
- iso 27005 3 shared controls
- risk analysis 3 shared controls
- risk assessment 2 shared controls
- iso 31000 2 shared controls
Frameworks that govern risk criteria
What the standards actually require on risk criteria
Requirements naming risk criteria across 6 standards, quoted from the control text.
The organization states how much risk, and of what kinds, it is prepared or not prepared to take, and fixes criteria for judging how significant a risk is (ISO 31000:2018, 6.3.4), considering: the kinds of uncertainty, tangible or intangible, that can affect o...
iso-iec-23894-2023::6.3.4 · Defining risk criteria →Input: the risk criteria and the risks with levels. Action: compare levels with evaluation criteria, especially acceptance criteria. Trigger: risks are to be prioritised for treatment. Output: suggested decisions on further action.
iso-27005-2022::7.4.1 · Comparing the results of risk analysis with the risk criteria →Guidance: the organization should state how much risk, and of what kinds, it is or is not willing to take in relation to its objectives, and should define criteria for judging the significance of risk and supporting decisions.
iso-31000-2018::6.3.4 · Defining risk criteria →Beyond ISO 31000:2018, 6.3.4, legal risk criteria are a subset of organizational risk criteria: measures set to judge what level of a single legal risk, or a set of them, is significant and what is acceptable, mirroring the values, objectives, preferences, res...
iso-31022-2020::5.2.4 · Defining the legal risk criteria →This anti-pattern is present when cybersecurity risk management activities are not informed by the organisation's risk criteria (RISK-2d, RISK-3b); both practices must be at least partially implemented for it to be absent.
australian-energy-sector-cyber-security-framework-aescsf::RISK-AP4 · RISK-AP4: Anti-pattern: risk activities not guided by risk criteria →Management must show its commitment by setting the policy; seeing that objectives and plans exist; settling roles, duties and competences; naming one or more people with the authority and competence to answer for the management system;
asis-spc-1-2009-organizational-resilience-standard::4.2.2 · 4.2.2 Management commitment shown through policy, objectives, roles, an accountable appointee, communication, resources, risk criteria, audits and reviews →Questions people ask about risk criteria
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