ISO 27001 Free Resources Center
ISO 27001 Risk Assessment
Whether you’re starting your ISO 27001 project or enhancing an existing ISMS, STANDARD ONE provides essential templates, tools, and guides to empower your success — all at no cost.
ISO 27001 Risk Assessment: Identifying and Managing Your Risks
Build risk-driven security with clarity and confidence
Why Risk Assessment Is Essential
ISO 27001 emphasizes a risk-based approach. Before selecting security controls, you must first identify and evaluate the risks to your organization’s information assets.
A structured risk assessment process allows you to prioritize security efforts, allocate resources effectively, and demonstrate due diligence to auditors and stakeholders.
Key Risk Assessment Steps
1️⃣ Establish Your Risk Assessment Methodology
Define how you’ll identify, evaluate, and treat risks (qualitative or quantitative methods).
2️⃣ Identify Information Assets and Threats
Document key assets, potential threats, and associated vulnerabilities.
3️⃣ Assess Impact and Likelihood
Score each risk based on potential business impact and the likelihood of occurrence.
4️⃣ Prioritize Risks
Calculate risk scores and rank risks to focus your treatment efforts.
5️⃣ Define Risk Treatments
Decide how to handle each risk: accept, avoid, mitigate, or transfer.
Common Pitfalls
- Incomplete or outdated asset inventories
- Overlooking non-technical risks (legal, reputational)
- Using vague or subjective scoring methods
- Failing to update risk assessments periodically
Your Free Resource
ISO 27001 Risk Assessment Template
An easy-to-use spreadsheet for identifying, scoring, and tracking risks throughout your ISMS.
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Why Choose STANDARD ONE
We guide businesses in conducting ISO 27001-compliant risk assessments that are practical, defensible, and auditor-ready.
