Learning Outcomes for the Study Units:

Introduction to Information Security Risk Management

• Understand the basic principles, concepts, and objectives of information security risk management.
• Recognize the importance of risk management in protecting organizational assets and achieving business objectives.
• Identify the key components of the risk management process and their roles in mitigating threats and vulnerabilities.

Fundamentals of Internal Auditing

• Define the role and responsibilities of internal auditors in evaluating information security risk management processes.
• Apply auditing techniques to assess the effectiveness of risk management controls.
• Understand internal auditing standards and best practices relevant to information security risk management.

ISO/IEC 27005 Standard Overview

• Interpret the requirements and structure of the ISO/IEC 27005 standard for information security risk management.
• Align risk management practices with ISO/IEC 27005 principles and guidelines.
• Establish a framework for implementing ISO/IEC 27005-compliant risk management processes within organizations.

Risk Identification and Assessment

• Identify and prioritize information security risks using systematic methodologies and techniques.
• Assess the likelihood and potential impact of identified risks on organizational objectives.
• Develop risk assessment criteria and methodologies to facilitate informed decision-making.

Risk Treatment and Control Measures

• Develop risk treatment plans to address identified risks in alignment with organizational objectives and risk tolerance.
• Implement control measures to mitigate or eliminate identified risks and reduce their impact.
• Evaluate the effectiveness of risk treatment options and select appropriate controls based on cost, feasibility, and effectiveness.

Risk Monitoring and Review

• Establish monitoring mechanisms to track changes in risk profiles and control effectiveness over time.
• Review risk management processes to ensure compliance with policies, procedures, and regulatory requirements.
• Conduct periodic risk assessments and adjust risk management strategies as necessary to address emerging threats and changing business conditions.

Continuous Improvement

• Identify opportunities for continuous improvement in information security risk management practices.
• Implement corrective actions and enhancements to strengthen risk management processes and controls.
• Foster a culture of risk awareness and accountability within the organization to sustain ongoing improvement efforts.

Reporting and Follow-Up

• Prepare clear and concise risk assessment reports documenting findings, analysis, and recommendations.
• Initiate follow-up activities to monitor the implementation of risk treatment plans and control measures.
• Ensure compliance with reporting requirements and regulatory obligations, and communicate risk-related information effectively to relevant stakeholders.