Risk Management

Identify, Assess, and Treat Cyber Risk Systematically

Move beyond ad-hoc security fixes. Build a structured, ISO 27005-aligned risk management program that gives your board visibility, drives resource allocation, and satisfies ISO 27001 and SOC 2 requirements.

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ISO 27005 Framework

Risk Management Built on the Right Foundation

ISO 27005 is the international standard for information security risk management. It provides a structured, repeatable methodology for identifying and treating information security risks — and forms the backbone of every ISO 27001 implementation.

Many organizations approach cybersecurity risk informally — a list of concerns, a spreadsheet someone maintains sporadically. ISO 27005 transforms risk management into a rigorous, documented process that satisfies auditors, informs leadership, and drives measurable improvement over time.

Cyberox implements ISO 27005-aligned risk management as both a standalone service and an integrated component of ISO 27001 certification engagements.

The ISO 27005 Risk Process

Context Establishment
Define scope, risk criteria, and organizational context

Risk Identification
Identify assets, threats, vulnerabilities, and potential impacts

Risk Analysis & Evaluation
Rate likelihood and impact; calculate risk levels; prioritize

Risk Treatment
Select treatment options: mitigate, accept, transfer, or avoid

Our Services

Comprehensive Risk Management Capabilities

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Risk Register Development

Build a structured, maintained risk register covering your key information assets, associated threats, vulnerabilities, and current controls — formatted for ISO 27001 audit readiness.

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Information Security Risk Assessment

Facilitated risk assessment workshops with your team. Identify and score all significant information security risks using a consistent, documented methodology.

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Risk Treatment Plans

Develop formal risk treatment plans for each identified risk — specifying the chosen treatment option, responsible owner, implementation timeline, and residual risk acceptance.

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Third Party Risk Integration

Extend your risk register to cover supplier and vendor risks. Assess third-party controls, map supply chain dependencies, and integrate vendor risk into your overall risk profile.

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Ongoing Risk Monitoring

Establish a recurring risk review cadence — quarterly risk register reviews, KRI tracking, emerging threat analysis, and management reporting to keep your risk posture current.

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Board Risk Reporting

Translate technical risk data into board-level dashboards and reports — risk heat maps, trend analysis, treatment progress, and residual risk summaries for governance reporting.

FAQs

Risk Management — Common Questions

Is a formal risk assessment required for ISO 27001?+

Yes. ISO 27001 Clause 6.1.2 explicitly requires organizations to perform an information security risk assessment using a documented and repeatable process. The risk assessment must identify risks to the confidentiality, integrity, and availability of information — and the results must inform control selection (via the Statement of Applicability). Without a formal, documented risk assessment, ISO 27001 certification is not possible.

How often should we review the risk register?+

ISO 27001 requires risk assessments to be performed at planned intervals and whenever significant changes occur. In practice, most organizations review their risk register quarterly, with a full risk assessment annually. Risk register reviews should also be triggered by: significant organizational changes, new system deployments, security incidents, new regulatory requirements, or changes in the threat landscape.

What is the difference between risk assessment and risk management?+

Risk assessment is a specific activity — the process of identifying, analyzing, and evaluating risks at a point in time. Risk management is the broader, ongoing program that includes risk assessment plus treatment planning, monitoring, communication, and continuous improvement. A risk assessment is an input to risk management; risk management is the overall discipline that keeps your organization's risk exposure within acceptable bounds over time.

Can you help us with risk reporting to the board?+

Yes — board-level risk reporting is a core deliverable in our risk management service. We develop executive risk dashboards and risk heat maps that translate technical risk data into clear, visual narratives appropriate for non-technical board members. This directly satisfies ISO 27001 Clause 9.3 (Management Review) and is a key output in any vCISO engagement.

Related Services

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ISO 27001 Consulting

Risk management is a central pillar of ISO 27001. Combine it with our full certification program for efficient delivery.

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Third Party Risk Assessment

Structured vendor risk assessment program to manage the security risk posed by your supply chain and service providers.

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Business Continuity Consulting

High-impact risks on your register often point to a continuity gap — we help translate risk findings into a tested BCP/DR plan.

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Start Managing Risk Systematically

Book a risk assessment consultation. We'll understand your current approach, identify the gaps, and design a risk management program that works for your organization.

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