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Risk Scenario

What is Risk Scenario?

A description of a possible sequence of events that could lead to an adverse outcome, used for risk assessment and contingency planning.

Risk Management

What the standards actually require on risk scenario

Requirements naming risk scenario across 6 standards, quoted from the control text.

The organization must fix and record what its OR management system covers: which parts of the organization fall inside it (all of it or named parts); the resilience requirements that flow from its mission, aims, duties to stakeholders and legal obligations;

asis-spc-1-2009-organizational-resilience-standard::4.1.1 · 4.1.1 A documented scope with boundaries, requirements, critical objectives, risk scenarios and a Statement of Applicability →
COBIT 20194 controls

Vulnerabilities are managed, and the infrastructure is watched for unauthorised access, with a set of tools and technologies such as intrusion detection, and detection, along with the security tools and technologies, feeds into incident management and into gen...

cobit-2019::DSS05.07 · DSS05.07 Manage vulnerabilities and monitor the infrastructure for security-related events →

The organization is required to define the PAPMS scope and boundaries (the whole organization or named parts) and keep it as documented information so it can be communicated clearly inside and outside.

ansi-asis-pap-1-2012-physical-asset-protection::6.2.4 · 6.2.4 PAPMS scope and boundaries defined and retained →

The security assessor, with the practitioner, summarises risk scenarios and decisions from the design TRA work and the security deficiencies left uncorrected from development, testing and installation, adjusts risk levels to give the risk profile the system wi...

canada-itsg-33-it-security-risk-management::A2-3.9.3 · 3.9.3 Conduct a residual risk assessment →
ISO 27005:20222 controls

Monitoring under 27001 9.1 covers every aspect of assessment and treatment in order to: keep treatments effective, efficient and economical in design and operation; gather information to improve later assessments;

iso-27005-2022::10.5.1 · General →

The security and privacy dependencies among providers, developers and users are described as an ecosystem, borrowing the ecological idea: (a) supplier relationships for products and services;

iso-iec-27400-2022::5.4 · 5.4 IoT ecosystem →

Questions people ask about risk scenario

What is Risk Scenario?
A description of a possible sequence of events that could lead to an adverse outcome, used for risk assessment and contingency planning.
Why is Risk Scenario important for compliance?
Risk Scenario is a key concept in Risk Management. Understanding risk scenario 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 Risk Scenario?
Risk Scenario appears in the requirement text of ASIS SPC.1-2009 - Organizational Resilience Standard, COBIT 2019, ANSI/ASIS PAP.1-2012 Physical Asset Protection, Canada ITSG-33 - IT Security Risk Management, ISO 27005:2022. Across these standards we have identified 14 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Risk Scenario?
Explore our compliance framework pages to see how risk scenario 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 Risk Scenario 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.