Risk Management Policy Template
Risk Management Policy Template
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Adopting a full set of information security policies is a critical step in ensuring that every department and employee understands their role in helping protect company, customer, and employee data.
Please use these policy templates as a way to get your organization on the right track when it comes to full policy creation and adoption.
Measuring and managing risk is paramount to good security practice. Without understanding how much risk something poses to our organization, we can’t properly prioritize securing it. Download our risk management policy template to help guide these risk management decisions.
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Download our free Risk Management Policy Template now.
DOWNLOAD TEMPLATEPurpose
The purpose of the (Company) Risk Management Policy is to establish the requirements for the assessment and treatment of information security-related risks facing (Company).
Audience
The (Company) Risk Management Policy applies to all (Company) individuals that are responsible for management, implementation, or treatment of risk activity.
Table of Contents
Policy
- Formal organization-wide risk assessments will be conducted by (Company) no less than annually or upon significant changes to the (Company)
- Risk assessments must account for administrative, physical, and technical risks.
- Information security risk management procedures must be developed and include the following (at a minimum):
- Risk Assessment
- Risk Treatment
- Risk Communication
- Risk Monitoring and Review
- Risk evaluation criteria should be developed for evaluating the organization’s information security risks considering the following:
- The strategic value of the business information process.
- The criticality of the information assets involved.
- Legal and regulatory requirements, and contractual obligations.
- Operational and business importance of availability, confidentiality, and integrity.
- Stakeholders’ expectations and perceptions, and negative consequences for goodwill and reputation.
- All risks will be classified and prioritized according to their importance to the organization.
- Periodically, (Company) may contract with a third-party vendor to conduct an independent risk assessment and/or to validate the effectiveness of the (Company) risk management process.
Definitions
References
- ISO 27002: 18
- NIST CSF: ID.GV, ID.RA, ID.RM, PR.IP
Waivers
Waivers from certain policy provisions may be sought following the (Company) Waiver Process.
Enforcement
Personnel found to have violated this policy may be subject to disciplinary action, up to and including termination of employment, and related civil or criminal penalties.
Any vendor, consultant, or contractor found to have violated this policy may be subject to sanctions up to and including removal of access rights, termination of contract(s), and related civil or criminal penalties.