Glossary definition: Importance Of ISO/IEC 27005

The Benefits of ISO/IEC 27005 for Risk Management

ISO/IEC 27005 is an international standard for information security risk management. It provides guidance on the implementation of an information security risk management system within an organization, and provides a framework for assessing, managing, and responding to information security risks. The standard is based on the ISO/IEC 27001 standard, which provides a comprehensive set of requirements for an information security management system (ISMS). ISO/IEC 27005 provides guidance on how to apply the principles of ISO/IEC 27001 to the management of information security risks. It provides guidance on the selection, implementation, and monitoring of controls to mitigate those risks. The standard also provides guidance on how to develop an information security risk management policy, how to identify, assess, and respond to risks, and how to monitor and review the effectiveness of risk management activities. The standard is intended to help organizations to ensure that their information security risk management processes are effective and efficient. It is also intended to help organizations to identify and manage risks associated with the use of information technology and other information-related activities.