Maintaining Risk Assessments

“Intelligent, simplified risk assessment”
Copyright © Vigilant Software Ltd 2013
Phil Hare
Vigilant Software
Thursday May 30th
PLEASE NOTE THAT ALL DELEGATES IN THE TELECONFERENCE ARE MUTED ON JOINING.
Q&A IS HANDLED THROUGH THE GOTOWEBINAR QUESTION FUNCTION
Maintaining and updating your risk
assessment using vsRisk™

Phil Hare
• An information security professional with many years’ experience of
information security risk assessments.
• Heavily involved in the specification and creation of one of the
leading software tools for ISO 27001 compliant risk assessments
available today.
• A broad knowledge of the technical, procedural, methodological and
theoretical aspects of Information Security Risk Assessment.
• Instrumental in successful ISMS development projects across a
wide range of organisations.

Today’s Webinar in Context
• Today’s webinar is #4 in a series of 4 educational
webinars.
• The 4 webinars are designed to take you on a learning
journey:
• Webinar 1 - Why IS027001 for my Organisation?
• Webinar 2 – The Importance of risk management
• Webinar 3 – Carrying out a risk assessment using vsRisk
• Webinar 4 (Today) – Maintaining/updating your risk assessment
using vsRisk.

Today’s Agenda
• A short 20-30 minutes educational and informative talk:
• Quick recap of last 3 week’s webinar – Why ISO 27001, the
importance of risk management, and using vsRisk to carry out a
risk assessment.
• Why maintain and update your risk assessment?
• Maintaining and update your risk assessment using vsRisk -
software demonstration.
• Ample time for Q&A.
• Next steps including a special offer for vsRisk.

Recap – last 3 webinars
In the last 3 webinars we covered:
• What is information security?
• What is an information security management system (ISMS)?
• What is ISO 27001?
• Why should I and my organisation care about ISO 27001?
• The importance of risk management.
• Carrying out a risk assessment using vsRisk.

Why maintain/update your risk assessment?
Reason 1 – Required by ISO27001 (clause 4.2.3.d)
Review risk assessments at planned intervals and review the residual risks and the identified acceptable levels
of risks, taking into account changes to:
1. the organization;
2. technology;
3. business objectives and processes;
4. identified threats;
5. effectiveness of the implemented controls; and
6. external events, such as changes to the legal or regulatory environment, changed contractual obligations,
and changes in social climate.

Why review your risk assessment?
Reason 2 – Risks do actually change….
Any change to the environment within which the
Organisation operates will mean the ISMS should be
reviewed – e.g. change in risk environment, business
growth, change in legislation, change in supply chain…

Why review your risk assessment?
Management’s attitude to risk changes – which could reflect changes in
the funding cycle, the business environment, or in management!
The Organisation should review its risk acceptance criteria to confirm
that they still reflect the Management’s Risk Appetite

Why is vsRisk unique?
vsRisk is the only tool in its price range that integrates
out-of-the-box in to an ISO 27001 management system,
allowing users to carry out an automated, robust and
extensive cyber security risk assessment of their
organisation’s assets compliant with ISO 27001.

How does vsRisk help with review and
maintenance?
1. It’s a database – so it stores data exactly as created last time
around;
2. It has an automated process, which makes it very easy for a risk
review to produce results comparable to those achieved the last
time;
3. It’s easy to compare and contrast pre- and post- review states;
4. There’s even a built-in comment capability and an audit log

What does vsRisk already do for you?
Integrated, out-of-the-box, into an ISO 27001
management system – vsRisk employs a risk assessment
methodology that complies with ISO 27001 and ISO 27005,
reducing the risk of non-compliance at audit of an ISO
27001 ISMS.
Produced key ISO 27001 documentation – Statement of
Applicability and Risk Treatment Plan ensure consistency
in documentation quality and transparency across the risk
management process initially and over time.

vsRisk - Demo
Software demonstration – maintaining and updating a risk
assessment using vsRisk.

Next Steps – Special May offer of risk
assessment software vsRisk
• Purchases of vsRisk in May will include 1 years support and
upgrades for free (worth £150).
• To claim this offer, please visit www.vigilantsoftware.co.uk.
• Offer valid until Thursday May 31st.

Next Steps – Want to know more?
• If you would like to know more about ISO 27001,
including how to carry out an ISO 27001-compliant risk
assessment using vsRisk, please visit
http://www.vigilantsoftware.co.uk or email
servicecentre@vigilantsoftware.co.uk.
• Free trial of vsRisk available at
http://www.vigilantsoftware.co.uk

Questions – we welcome them all!
Please type your questions into the Gotowebinar question
box – responses will be verbal and shared with all
delegates.

Maintaining Risk Assessments

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