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Security Risk Assessment

What is Security Risk Assessment?

An evaluation that identifies threats to information assets, analyzes vulnerabilities, and determines the level of risk to guide security investment decisions.

Risk Management

Each of these is named in at least one of the same controls as security risk assessment. The number is how many controls name both.

What the standards actually require on security risk assessment

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

When an emanation security risk assessment is required, it is sought as early as possible in a system's life cycle.

ISM-0246 · When an emanation security risk assessment is required, it is sought as early as possible

Define and apply a risk assessment process with criteria, repeatability, and documented results.

27003-6.1.2 · Information Security Risk Assessment
ISO 27005:20222 controls

Requirement defined in ISO 27005:2022, clause 9.1 (Performing information security risk assessment process). See licensed source for normative text.

iso-27005-2022::9.1 · Performing information security risk assessment process
NIS2 Directive2 controls

Allows the Cooperation Group, with the Commission and ENISA, to carry out coordinated security risk assessments of specific critical ICT services, systems or products supply chains, and requires the Commission to identify which are to be assessed.

nis2-directive::Art.22 · Union level coordinated security risk assessments of critical supply chains

Identify and manage security risks to the My Health Record system through periodic risk assessment.

MYHR-SEC-5 · Security risk assessment

The State establishes a centralised, unified, efficient and authoritative data-security risk assessment, reporting, information-sharing, monitoring and early-warning mechanism.

DSL-Art22 · National Data Security Risk Assessment, Monitoring and Early Warning (Art. 22)

Questions people ask about security risk assessment

What is Security Risk Assessment?
An evaluation that identifies threats to information assets, analyzes vulnerabilities, and determines the level of risk to guide security investment decisions.
Why is Security Risk Assessment important for compliance?
Security Risk Assessment is a key concept in Risk Management. Understanding security risk assessment helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Security Risk Assessment?
Security Risk Assessment appears in the requirement text of Australian Information Security Manual, ISO/IEC 27003:2017, ISO 27005:2022, NIS2 Directive, Australia My Health Records Act 2012. Across these standards we have identified 12 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Security Risk Assessment?
Explore our compliance framework pages to see how security risk 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 686 frameworks.

See how Security Risk Assessment applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

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