Information Security Risk Assessment Process Policy

Purpose
The purpose of this policy is to establish a systematic process for identifying, assessing, and managing information security risks in accordance with ISO 27001 Clause 6.1.2.

Scope
This policy applies to all information assets of AppCan Ltd.

Policy

Risk Identification
Identify the risks to the confidentiality, integrity, and availability of information. This includes identifying assets, threats, vulnerabilities, impacts, likelihoods, and risk levels.

Risk Assessment
Assess the identified risks based on the risk acceptance criteria defined by AppCan Ltd. The assessment should consider the potential consequences and likelihood of the risks.

Risk Treatment
Determine appropriate responses to the assessed risks. This could include avoiding the risk, accepting the risk, transferring the risk, or applying security controls to mitigate the risk.

Risk Acceptance
Define the level of risk that is acceptable to AppCan Ltd. Any risk that is assessed above this level must be treated.

Risk Communication and Consultation
Communicate and consult with stakeholders throughout the risk management process. This includes reporting on risk assessment results and treatment plans.

Monitoring and Review
Monitor and review the risk management process on a regular basis to identify changes in the risk context, effectiveness of the policy, and to ensure continuous improvement.

Roles and Responsibilities
Define the roles and responsibilities for the risk management process. This includes roles for risk identification, assessment, treatment, acceptance, communication, and monitoring.

Review and Update
This policy will be reviewed and updated regularly to ensure it remains effective and aligned with the strategic direction of the organization.

Approval
This policy is approved by the Directors of AppCan Lts.