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Outsourcing risks involve the impact of third-party service providers on the system. [14] External risks are factors beyond the information system's control that can impact the system's security. Strategic risks are associated with the need for information system functions to align with the business strategy that the system supports. [15]
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ISO/IEC 27010 — Information security management for inter-sector and inter-organizational communications: guidance on sharing information about information risks, security controls, issues and/or incidents that span industry sectors and/or nations, particularly those affecting critical infrastructure.
The Common Criteria for Information Technology Security Evaluation (Common Criteria or CC) is an international standard (ISO/IEC 15408) used to assess and certify the security properties of IT products and systems. It provides a globally recognized framework for defining security requirements, implementing protective measures, and evaluating ...
ISO/IEC 27005 "Information technology — Security techniques — Information security risk management" is an international standard published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) providing good practice guidance on managing risks to information. [1]
The Certified Information Systems Auditor Review Manual 2006 by ISACA provides this definition of risk management: "Risk management is the process of identifying vulnerabilities and threats to the information resources used by an organization in achieving business objectives, and deciding what countermeasures, if any, to take in reducing risk to an acceptable level, based on the value of the ...
CC originated out of three standards: ITSEC – The European standard, developed in the early 1990s by France, Germany, the Netherlands and the UK. It too was a unification of earlier work, such as the two UK approaches (the CESG UK Evaluation Scheme aimed at the defence/intelligence market and the DTI Green Book aimed at commercial use), and was adopted by some other countries, e.g. Australia.
The ISO/IEC 27003 standard provide guidance for all the requirements of ISO/IEC 27001, but it does not have detailed descriptions regarding “monitoring, measurement, analysis and evaluation” and information security risk management. Also, Provides recommendations, possibilities and permissions in relation to them.