Risk Management Policy
What is Risk Management Policy?
A formal statement of an organization's intentions and direction regarding risk management, established by senior leadership.
Terms that appear alongside risk management policy
Each of these is named in at least one of the same controls as risk management policy. The number is how many controls name both.
- policy 12 shared controls
- supply chain risk management 4 shared controls
- nist 3 shared controls
- governance 2 shared controls
- risk framework 2 shared controls
- threat intelligence 2 shared controls
- residual risk 2 shared controls
- ai risk management 2 shared controls
Frameworks that govern risk management policy
What the standards actually require on risk management policy
Requirements naming risk management policy across 6 standards, quoted from the control text.
Run the risk handling process as needed and at least once a year, addressing mixed customer protection needs, weaknesses in the separation of shared resources, attacks through publicly reachable interfaces, unavoidable duty conflicts and subservice dependencie...
C5-OIS-07 · Application of the Risk Management Policy →The policy should state how much risk the organisation is willing to take, how it views risk and how it manages it, set responsibilities throughout the organisation and refer to any legally required policy statements, for example on health and safety.
irm-enterprise-risk-management-framework-institute-of-risk-management::9.1 · 9.1 Risk management policy →The organisation develops, documents and disseminates to defined personnel or roles a supply chain risk management policy at the selected organisation, business process and, or, system level that addresses purpose, scope, roles, responsibilities, management co...
canada-itsp-10-033-security-and-privacy-controls-and-assurance-activities-catalogue::SR-01 · SR-01 Supply chain risk management policy and procedures →The deployer must implement a risk-management policy and program governing high-risk AI deployment, that is iterative, regularly reviewed/updated, and reasonable considering a nationally/internationally recognised AI risk-management framework such as the lates...
CO-AIA-1703-2 · Risk Management Policy and Program →Legal risk is evaluated by comparing the analysis results with the legal risk criteria and prioritising the risks so that decision-makers can consider treatment options, taking into account where possible the wider environment including internal and external s...
iso-31022-2020::5.3.4 · Evaluation of legal risk →The enterprise-wide or operational risk management policy also provides for periodic assessment of IT-related risks, both inherent and potential.
rbi-cybersecurity-framework-for-banks::13 · Para 13: enterprise or operational risk policy assesses IT risks periodically →Questions people ask about risk management policy
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