Purpose
The purpose of this process is to identify, assess, and prioritise risks to the confidentiality, integrity, and availability of information.
Scope
This process applies to all information assets of AppCan Ltd.
Process
- Risk Identification: Identify potential threats and vulnerabilities that could impact information assets. This could include factors such as natural disasters, malicious attacks, and human error.
- Risk Analysis: Analyze the potential impact and likelihood of each identified risk. This should consider factors such as the value of the information asset, the potential damage that could be caused by the risk, and the probability of the risk occurring.
- Risk Evaluation: Evaluate the risks based on their potential impact and likelihood. This will help to prioritize the risks and determine the most appropriate response.
- Risk Treatment: Determine the most appropriate response to each risk. This could include avoiding the risk, transferring the risk, mitigating the risk, or accepting the risk.
- Monitoring and Review: Regularly monitor and review the risks and the effectiveness of the risk treatment measures. This should be done on a regular basis and when significant changes occur in the organization or its environment.
Roles and Responsibilities
- Information Security Manager: Responsible for overseeing the risk assessment process and ensuring it is conducted in accordance with this policy.
- Risk Owners: Responsible for managing the risks within their area of responsibility. This includes identifying risks, implementing risk treatment measures, and monitoring the effectiveness of these measures.
Enforcement
Failure to comply with this process may result in disciplinary action, up to and including termination of employment.
