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Glossary definition: ISO/IEC 27005 And ISRM

ISO/IEC 27005 and ISRM: Risk Management Standards

ISO/IEC 27005 is an international standard that provides guidance on information security risk management (ISRM). It is designed to help organizations understand, manage, and reduce the risks associated with their information security activities. The standard focuses on the principles and processes of risk management, and provides guidance on the selection and implementation of risk management activities. It also provides guidance on the integration of risk management into the overall management system of an organization. ISO/IEC 27005 is based on the ISO/IEC 27001 standard, which provides a framework for the implementation of information security management systems. The standard is applicable to any organization, regardless of size, type, or sector. It is intended to help organizations identify and manage the risks associated with their information security activities, and to ensure that appropriate measures are taken to protect their information assets. The standard provides guidance on the assessment of risk, the development of risk management plans, and the implementation and monitoring of risk management measures.